Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Americold Realty Trust Inc. shares valued at $75,331 were sold by NOVOSEL THOMAS C on Jun 03. At $28.94 per share, NOVOSEL THOMAS C sold 2,603 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, NOVOSEL THOMAS C sold 5,326 shares, netting a total of over 136,239 in proceeds. Following the sale of shares at $25.58 each, the insider now holds 2,513 shares.
Before that, Harron James Andrew had sold 5,000 shares from its account. In a trade valued at $126,775, the EVP & Chief Investment Officer traded Americold Realty Trust Inc. shares for $25.36 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.33 million.
As published in a research note from RBC Capital Mkts on August 08, 2022, Americold Realty Trust Inc. [COLD] has been rated down from an Outperform to a Sector perform and the price target has been revised to $34. This represents a 29.44% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of February 25, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for COLD. Earlier on January 20, 2022, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for COLD stock.
Analyzing COLD Stock Performance
On Thursday, Americold Realty Trust Inc. [NYSE: COLD] plunged -0.79% to $23.99. The stock’s lowest price that day was $23.555, but it reached a high of $24.24 in the same session. During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, Americold Realty Trust Inc. shares have dropped approximately -26.84%. Shares of the company reached a 52-week high of $32.99 on 07/29/22 and a 52-week low of $21.49 on 10/21/22. A 50-day SMA is recorded $26.09, while a 200-day SMA reached $28.01. Nevertheless, trading volume fell to 1.76 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Americold Realty Trust Inc. (COLD)
According to the 24-hour chart, there is a support level at 23.62, which, if violated, would cause prices to drop to 23.24. In the upper region, resistance lies at 24.30. The next price resistance is at 24.61. RSI (Relative Strength Index) is 46.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 24.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Americold Realty Trust Inc. subject to short interest?
Stocks of Americold Realty Trust Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.16 million shares to 6.65 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.81 million shares. A decline of -32.48% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.01 of the overall float, the days-to-cover ratio (short ratio) decline to 3.01.
Which companies own the most shares of Americold Realty Trust Inc. (COLD)?
According to Cohen & Steers Capital Management filings, the company currently owns 43,655,352 shares, which is about 16.21% of the total COLD shares outstanding. The investor’s shares have appreciated by 2,809,146 from its previous 13-F filing of 40846206.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $913,889,311. APG Asset Management US, Inc. reduced a -1.95% interest valued at $472.18 million while Capital Research & Management Co purchased a 7,597,034 stake. A total of 5,580,402 shares of Americold Realty Trust Inc. were bought by Norges Bank Investment Management during the quarter, and 63,971 were bought by BlackRock Fund Advisors. In its current portfolio, SSgA Funds Management, Inc. holds 11,500,601 shares valued at $282.91 million.
In terms of Americold Realty Trust Inc. share price expectations, FactSet research, analysts set an average price target of $30.56 in the next 12 months, up nearly 28.21% from the previous closing price of $24.18. Analysts anticipate Americold Realty Trust Inc. stock to reach $34.00 by 2022, with the lowest price target being $27.50. In spite of this, 11 analysts ranked Americold Realty Trust Inc. stock as a Hold at the end of 2022. On January 19, 2022, BofA Securities assigned a price target of “an Underperform” to the stock and downgraded coverage with a $30.