Lindblad Expeditions $LIND Stock Holdings Decreased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Lindblad Expeditions stake by 79.5% in the second quarter, selling 139,636 shares and retaining 36,040 shares worth about $1.02 million. Institutional investors and hedge funds collectively own 75.94% of the stock.
• Analyst sentiment is mixed, with four Buy, four Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $31.00.
• Lindblad reported quarterly revenue of $199.25 million and an adjusted EPS loss of $0.02, beating analyst estimates. Shares opened at $27.72, compared with a 52-week range of $11.37 to $35.00.

Squarepoint Ops LLC lessened its position in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 79.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,040 shares of the company's stock after selling 139,636 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of Lindblad Expeditions worth $1,018,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Lindblad Expeditions during the 2nd quarter valued at about $38,000. Silvant Capital Management LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $58,000. Assetmark Inc. grew its stake in shares of Lindblad Expeditions by 77.0% in the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company's stock valued at $94,000 after buying an additional 2,373 shares in the last quarter. State of Wyoming acquired a new position in Lindblad Expeditions in the second quarter worth approximately $109,000. Finally, Brady Martz Wealth Solutions LLC bought a new position in Lindblad Expeditions during the first quarter valued at approximately $173,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIND. Zacks Research downgraded shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Benchmark increased their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a report on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Texas Capital downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.00.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $27.72 on Friday. The stock's 50-day moving average is $29.24 and its 200-day moving average is $23.74. The company has a market cap of $1.82 billion, a P/E ratio of -72.95 and a beta of 2.22. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. As a group, equities analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Lindblad Expeditions Profile

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.

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