61,326 Shares in Lineage, Inc. $LINE Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Lineage, Inc. (NASDAQ:LINE) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 61,326 shares of the company’s stock, valued at approximately $2,009,000.

Several other hedge funds have also recently added to or reduced their stakes in LINE. Norges Bank purchased a new stake in shares of Lineage in the fourth quarter valued at about $482,255,000. Darlington Partners Capital Management LP increased its stake in shares of Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares in the last quarter. Morgan Stanley increased its stake in shares of Lineage by 378.6% during the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares in the last quarter. Capital Research Global Investors raised its position in shares of Lineage by 4.0% during the 3rd quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after purchasing an additional 120,616 shares during the last quarter. Finally, State Street Corp raised its position in shares of Lineage by 8.9% during the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after purchasing an additional 145,742 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research note on Wednesday, June 24th. Wall Street Zen raised Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group boosted their price target on Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Truist Financial upped their price objective on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Barclays increased their price objective on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.62.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $43.29 on Thursday. The company has a market cap of $9.86 billion, a P/E ratio of -69.82 and a beta of 0.85. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Lineage, Inc. has a 52 week low of $31.33 and a 52 week high of $45.75. The business has a fifty day simple moving average of $41.53 and a 200-day simple moving average of $38.20.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Lineage, Inc. will post 2.44 EPS for the current year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be issued a $0.5325 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 4.9%. Lineage’s payout ratio is -343.55%.

Lineage Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.