Lineage, Inc. $LINE Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its holdings in Lineage, Inc. (NASDAQ:LINE) by 51.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 316,790 shares of the company’s stock after acquiring an additional 108,254 shares during the period. Boothbay Fund Management LLC’s holdings in Lineage were worth $11,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pennington Partners & CO. LLC increased its holdings in shares of Lineage by 1.3% during the 4th quarter. Pennington Partners & CO. LLC now owns 75,342 shares of the company’s stock worth $2,677,000 after buying an additional 972 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock worth $46,273,000 after buying an additional 1,149,686 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Lineage during the 4th quarter worth $230,000. Amundi increased its holdings in shares of Lineage by 2.7% during the 4th quarter. Amundi now owns 36,764 shares of the company’s stock worth $1,287,000 after buying an additional 959 shares during the last quarter. Finally, Fairview Capital Investment Management LLC increased its holdings in shares of Lineage by 28.9% during the 4th quarter. Fairview Capital Investment Management LLC now owns 790,643 shares of the company’s stock worth $27,673,000 after buying an additional 177,330 shares during the last quarter.

Lineage Stock Performance

NASDAQ:LINE opened at $41.53 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The firm has a 50-day moving average of $39.41 and a two-hundred day moving average of $37.45. The stock has a market cap of $9.46 billion, a P/E ratio of -66.98 and a beta of 0.88. Lineage, Inc. has a 1-year low of $31.33 and a 1-year high of $46.61.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. On average, research analysts expect that Lineage, Inc. will post 2.45 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be given a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Lineage’s dividend payout ratio is presently -343.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Scotiabank increased their price target on Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Friday, March 27th. Finally, Barclays increased their price target on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.94.

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.