Zacks Investment Research upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a sell rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Lindblad Expeditions Holdings, Inc. is an expedition travel company. It produce marine expedition programs and promote conservation and sustainable tourism. The company operates expeditions on intimately-scaled ships and allows interaction between guests, crew and the teams of scientists, naturalists, researchers and photographers. Lindblad Expeditions Holdings, Inc. is headquartered in New York. “
Other equities analysts have also recently issued research reports about the company. TheStreet cut Lindblad Expeditions from a b- rating to a c rating in a report on Wednesday, December 27th. BidaskClub cut Lindblad Expeditions from a sell rating to a strong sell rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.25.
In related news, Director John M. Fahey, Jr. acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $9.80 per share, with a total value of $29,400.00. Following the acquisition, the director now directly owns 34,958 shares in the company, valued at approximately $342,588.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 50.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Lindblad Expeditions by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after buying an additional 44 shares during the period. First Trust Advisors LP raised its holdings in Lindblad Expeditions by 21.3% in the 2nd quarter. First Trust Advisors LP now owns 17,976 shares of the company’s stock worth $189,000 after purchasing an additional 3,161 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Lindblad Expeditions by 39.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,088 shares of the company’s stock worth $211,000 after purchasing an additional 5,694 shares during the period. California State Teachers Retirement System raised its holdings in Lindblad Expeditions by 19.1% in the 2nd quarter. California State Teachers Retirement System now owns 35,565 shares of the company’s stock worth $373,000 after purchasing an additional 5,700 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Lindblad Expeditions by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,928 shares of the company’s stock worth $766,000 after purchasing an additional 7,401 shares during the period. 49.03% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Lindblad Expeditions (LIND) Upgraded to “Hold” by Zacks Investment Research” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3127382/lindblad-expeditions-lind-upgraded-to-hold-by-zacks-investment-research.html.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.