Moore Capital Management LP Acquires New Stake in Lineage, Inc. $LINE

Moore Capital Management LP bought a new stake in Lineage, Inc. (NASDAQ:LINE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 407,412 shares of the company’s stock, valued at approximately $14,259,000. Moore Capital Management LP owned approximately 0.18% of Lineage as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LINE. Jones Financial Companies Lllp grew its holdings in shares of Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Lineage by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after purchasing an additional 350 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares during the period. Allworth Financial LP grew its holdings in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after purchasing an additional 485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Lineage by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock worth $70,000 after purchasing an additional 502 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, March 20th. Piper Sandler lowered their target price on Lineage from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Truist Financial raised their target price on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup raised their target price on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.94.

Lineage Trading Down 3.0%

LINE opened at $41.53 on Thursday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of -66.98 and a beta of 0.88. Lineage, Inc. has a 52 week low of $31.33 and a 52 week high of $46.61. The business’s 50 day moving average is $39.41 and its two-hundred day moving average is $37.45. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

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

Lineage Announces Dividend

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

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.