Boothbay Fund Management LLC Grows Stock Holdings in Lineage, Inc. (NASDAQ:LINE)

Boothbay Fund Management LLC lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 222.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,881 shares of the company's stock after purchasing an additional 41,986 shares during the period. Boothbay Fund Management LLC's holdings in Lineage were worth $3,566,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Lineage by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company's stock valued at $595,000 after buying an additional 185 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Lineage by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock valued at $1,740,000 after purchasing an additional 291 shares during the period. M&T Bank Corp increased its position in Lineage by 9.7% during the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC increased its position in Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares during the last quarter. Finally, EPIQ Capital Group LLC raised its stake in Lineage by 10.9% during the fourth quarter. EPIQ Capital Group LLC now owns 5,100 shares of the company's stock worth $301,000 after purchasing an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LINE shares. Robert W. Baird reduced their price target on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Barclays started coverage on Lineage in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 target price on the stock. Morgan Stanley lowered their price target on Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. BNP Paribas began coverage on shares of Lineage in a report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price objective on the stock. Finally, Citigroup assumed coverage on shares of Lineage in a research report on Friday, March 28th. They set a "neutral" rating and a $64.00 price target for the company. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.63.

Lineage Price Performance

NASDAQ:LINE traded down $8.26 during trading hours on Wednesday, reaching $48.23. 4,278,389 shares of the company's stock were exchanged, compared to its average volume of 1,259,446. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 1-year low of $46.63 and a 1-year high of $89.85. The company has a 50-day moving average of $57.01 and a 200 day moving average of $60.97.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a $0.5275 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 4.37%.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Lineage Company Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.