Elevation Point Wealth Partners LLC Makes New Investment in Americold Realty Trust Inc. $COLD

Elevation Point Wealth Partners LLC purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 77,801 shares of the company’s stock, valued at approximately $1,241,000.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Americold Realty Trust in the fourth quarter valued at about $26,000. Geneos Wealth Management Inc. grew its position in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Americold Realty Trust by 63.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after purchasing an additional 948 shares during the period. Farther Finance Advisors LLC increased its stake in Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Americold Realty Trust by 106.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company’s stock worth $36,000 after buying an additional 1,432 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD opened at $15.24 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $4.35 billion, a PE ratio of -9.58 and a beta of 0.97. The business has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $13.69. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $16.88.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The company had revenue of $662.89 million during the quarter, compared to analysts’ expectations of $613.54 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. Americold Realty Trust’s quarterly revenue was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Research analysts expect that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Evercore reiterated an “outperform” rating and issued a $19.00 price target on shares of Americold Realty Trust in a research note on Friday, August 7th. DA Davidson set a $16.00 price target on shares of Americold Realty Trust in a research report on Tuesday, August 18th. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and increased their price target for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.63.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.