Lindblad Expeditions (NASDAQ:LIND) Stock Dropped to “Hold” by Wall Street Zen

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

Several other research firms have also weighed in on LIND. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a report on Thursday, September 17th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Jefferies Financial Group raised their price target on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Stifel Nicolaus set a $43.00 price objective on Lindblad Expeditions in a report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.50.

Lindblad Expeditions Stock Up 7.6%

Shares of NASDAQ LIND opened at $33.98 on Friday. The company’s fifty day moving average is $31.53 and its 200-day moving average is $24.85. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -1,699.00 and a beta of 2.27. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $38.85.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Lindblad Expeditions had a net margin of 0.67% and a negative return on equity of 2.74%. The business had revenue of $269.15 million during the quarter, compared to analysts’ expectations of $263.54 million. On average, research analysts anticipate that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total value of $3,531,338.10. Following the sale, the director owned 10,351,502 shares of the company’s stock, valued at approximately $375,034,917.46. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 750,000 shares of company stock worth $26,532,349 in the last ninety days. 26.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Lindblad Expeditions in the second quarter valued at $122,583,000. Bank of New York Mellon Corp bought a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $19,362,000. Arrowstreet Capital Limited Partnership grew its position in shares of Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares during the period. Nicholas Investment Partners LP bought a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $9,587,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Lindblad Expeditions by 59.0% during the 1st 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 last quarter. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.