Bank of America Corp DE Purchases New Holdings in Lindblad Expeditions $LIND

Key Points

• Bank of America acquired 268,065 shares of Lindblad Expeditions during the second quarter, valued at approximately $7.57 million and representing about 0.41% of the company. Other institutional investors also initiated positions, with institutions and hedge funds collectively owning 75.94% of the stock.
• Analyst sentiment is mixed: four analysts rate the stock Buy, four rate it Hold, and one rates it Sell. The overall consensus is Hold, with an average price target of $31.00.
• Lindblad Expeditions recently reported better-than-expected quarterly results, with an EPS loss of $0.02 versus a projected loss of $0.10 and revenue of $199.25 million compared with estimates of $185.86 million. The stock opened at $28.45 and has traded between $11.37 and $35.00 over the past year.

Bank of America Corp DE acquired a new position in Lindblad Expeditions (NASDAQ:LIND - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 268,065 shares of the company's stock, valued at approximately $7,570,000. Bank of America Corp DE owned approximately 0.41% of Lindblad Expeditions as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in Lindblad Expeditions during the 2nd quarter worth about $1,467,000. Fifth Third Bancorp bought a new position in shares of Lindblad Expeditions in the 1st quarter valued at about $650,000. Great Lakes Advisors LLC bought a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $2,057,000. Nicholas Investment Partners LP acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at about $9,587,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Lindblad Expeditions in the first quarter valued at about $1,505,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LIND. Zacks Research cut Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Texas Capital lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Sunday, September 20th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.00.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $28.45 on Monday. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $35.00. The stock has a market capitalization of $1.87 billion, a P/E ratio of -74.87 and a beta of 2.22. The stock has a 50-day simple moving average of $29.36 and a 200 day simple moving average of $24.13.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.