Lineage, Inc. (NASDAQ:LINE) Short Interest Update

Lineage, Inc. (NASDAQ:LINE) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 6,954,589 shares, a decrease of 27.6% from the February 12th total of 9,609,402 shares. Approximately 10.9% of the company’s shares are short sold. Based on an average daily volume of 1,631,824 shares, the short-interest ratio is currently 4.3 days. Based on an average daily volume of 1,631,824 shares, the short-interest ratio is currently 4.3 days. Approximately 10.9% of the company’s shares are short sold.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti bought 11,222 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $39.05 per share, with a total value of $438,219.10. Following the completion of the purchase, the chairman directly owned 100,390 shares of the company’s stock, valued at $3,920,229.50. This trade represents a 12.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 71.90% of the company’s stock.

Hedge Funds Weigh In On Lineage

Large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Lineage by 15.2% during the 1st quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after buying an additional 653 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Lineage in the first quarter worth $886,000. Millennium Management LLC increased its holdings in shares of Lineage by 197.0% during the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock valued at $16,916,000 after acquiring an additional 191,362 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Lineage during the second quarter valued at $300,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Lineage by 4.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 42,590 shares of the company’s stock worth $1,854,000 after purchasing an additional 1,692 shares during the last quarter.

Wall Street Analysts Forecast Growth

LINE has been the topic of a number of recent analyst reports. Barclays reiterated a “positive” rating on shares of Lineage in a research report on Wednesday, February 4th. Piper Sandler upped their target price on Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Finally, Scotiabank upped their price objective on shares of Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.18.

Lineage Stock Up 2.7%

LINE stock traded up $0.97 during midday trading on Monday, hitting $37.40. The stock had a trading volume of 492,672 shares, compared to its average volume of 1,463,120. The business has a 50-day moving average of $37.54 and a two-hundred day moving average of $37.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of -86.86 and a beta of -0.43. Lineage has a 52-week low of $32.46 and a 52-week high of $61.01.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. As a group, equities research analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st will be issued a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.7%. This is a boost from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, March 31st. Lineage’s dividend payout ratio is currently -490.70%.

Lineage Company 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.