GSI Capital Advisors LLC Buys Shares of 53,547 Lineage, Inc. $LINE

GSI Capital Advisors LLC bought a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the fourth quarter, Holdings Channel reports. The fund bought 53,547 shares of the company’s stock, valued at approximately $1,874,000.

A number of other hedge funds have also made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Lineage by 9.9% during the fourth quarter. Empowered Funds LLC now owns 68,599 shares of the company’s stock valued at $2,401,000 after acquiring an additional 6,184 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Lineage by 178.5% during the fourth quarter. Cerity Partners LLC now owns 18,568 shares of the company’s stock valued at $650,000 after acquiring an additional 11,901 shares during the last quarter. Summer Road LLC raised its holdings in shares of Lineage by 9.0% during the fourth quarter. Summer Road LLC now owns 20,196 shares of the company’s stock valued at $707,000 after acquiring an additional 1,667 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Lineage by 126.0% during the fourth quarter. JPMorgan Chase & Co. now owns 315,706 shares of the company’s stock valued at $11,050,000 after acquiring an additional 176,004 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Lineage by 27.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 146,046 shares of the company’s stock valued at $5,112,000 after purchasing an additional 31,328 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Piper Sandler dropped their price target on Lineage from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Truist Financial upped their price target on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Wells Fargo & Company dropped their price target on Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Citigroup upped their price target on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.82.

Lineage Trading Up 0.5%

Shares of Lineage stock opened at $44.57 on Friday. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of -71.89 and a beta of 0.88. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $46.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The stock has a 50 day moving average of $38.59 and a 200 day moving average of $37.24.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data 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. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, research analysts predict that Lineage, Inc. will post 2.39 earnings per share for the current year.

About Lineage

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.