Lindblad Expeditions (NASDAQ:LIND) Stock Moved Down to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded Lindblad Expeditions from “buy” to “hold.” Despite mixed analyst views, MarketBeat reports an overall “Moderate Buy” rating and a consensus price target of $32.50.
• The company reported quarterly EPS of $0.36, slightly above the $0.35 consensus, and revenue of $269.15 million versus estimates of $263.54 million.
• Company insiders sold 750,000 shares worth about $26.5 million over the past 90 days; insiders still own 26.1% of the stock.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on LIND. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. Jefferies Financial Group raised their price objective on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, October 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Finally, Stifel Nicolaus set a $43.00 price target on shares of Lindblad Expeditions in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Lindblad Expeditions Price Performance

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

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced 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. The business had revenue of $269.15 million during the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In related news, Director Sven-Olof Lindblad sold 66,872 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $36.95, for a total value of $2,470,920.40. Following the completion of the transaction, the director owned 9,937,202 shares of the company's stock, valued at approximately $367,179,613.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 750,000 shares of company stock worth $26,532,349. 26.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions during the 2nd quarter valued at approximately $122,583,000. Bank of New York Mellon Corp acquired a new position in shares of Lindblad Expeditions in the 2nd quarter worth approximately $19,362,000. Arrowstreet Capital Limited Partnership lifted its stake in Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company's stock valued at $22,021,000 after buying an additional 393,359 shares in the last quarter. Nicholas Investment Partners LP acquired a new stake in Lindblad Expeditions during the 2nd quarter worth about $9,587,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock worth $13,598,000 after acquiring an additional 291,776 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other 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.

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