Lindblad Expeditions (NASDAQ:LIND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other research analysts have also commented on LIND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price target on shares of Lindblad Expeditions in a report on Thursday, September 17th. Finally, Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a research report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions has a consensus rating of “Hold” and an average target price of $31.00.

Lindblad Expeditions Trading Down 3.4%

Shares of NASDAQ LIND opened at $27.32 on Friday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00. The company has a 50-day moving average of $29.32 and a two-hundred day moving average of $23.92. The company has a market cap of $1.79 billion, a PE ratio of -71.89 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, equities research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Institutional Trading of Lindblad Expeditions

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $122,583,000. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Lindblad Expeditions in the second quarter worth about $19,362,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.