StockNews.com Downgrades Lindblad Expeditions (NASDAQ:LIND) to Sell

StockNews.com downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a sell rating in a report released on Tuesday morning.

Lindblad Expeditions Price Performance

LIND stock opened at $9.33 on Tuesday. The stock has a market capitalization of $498.50 million, a PE ratio of -9.93 and a beta of 2.85. The company’s 50-day moving average is $9.07 and its 200-day moving average is $8.43. Lindblad Expeditions has a 1 year low of $5.47 and a 1 year high of $12.13.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The company had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million. On average, analysts anticipate that Lindblad Expeditions will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in Lindblad Expeditions by 3.9% in the 1st quarter. Rhumbline Advisers now owns 28,632 shares of the company’s stock valued at $432,000 after acquiring an additional 1,067 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Lindblad Expeditions by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 101,157 shares of the company’s stock valued at $1,525,000 after buying an additional 1,075 shares during the last quarter. Legal & General Group Plc increased its stake in Lindblad Expeditions by 11.0% in the 2nd quarter. Legal & General Group Plc now owns 11,196 shares of the company’s stock valued at $91,000 after buying an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 5.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,237 shares of the company’s stock valued at $307,000 after buying an additional 1,387 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Lindblad Expeditions by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,691 shares of the company’s stock valued at $160,000 after buying an additional 1,412 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.