Lineage, Inc. (NASDAQ:LINE) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 77.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,650 shares of the company's stock after selling 40,621 shares during the period. GSA Capital Partners LLP's holdings in Lineage were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LINE. FIL Ltd acquired a new stake in Lineage during the fourth quarter worth approximately $29,000. Salomon & Ludwin LLC acquired a new stake in Lineage during the 1st quarter worth $34,000. Quarry LP purchased a new stake in Lineage in the fourth quarter valued at $50,000. Global X Japan Co. Ltd. acquired a new position in Lineage in the first quarter valued at $74,000. Finally, Parallel Advisors LLC acquired a new position in Lineage in the first quarter valued at $151,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LINE. The Goldman Sachs Group cut their target price on Lineage from $74.00 to $63.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Piper Sandler cut their price target on Lineage from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Robert W. Baird reduced their price objective on Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. BNP Paribas Exane downgraded Lineage from a "neutral" rating to an "underperform" rating and set a $42.00 price objective for the company. in a report on Thursday, June 12th. Finally, UBS Group cut their target price on shares of Lineage from $49.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.15.

Lineage Trading Down 1.9%

NASDAQ LINE opened at $42.35 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9.68 billion and a P/E ratio of -13.15. Lineage, Inc. has a 52-week low of $40.49 and a 52-week high of $88.78. The firm has a 50-day moving average price of $43.68 and a 200 day moving average price of $51.21.

Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 7.24% and a negative net margin of 11.88%. Lineage's revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, June 30th were given a $0.5275 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 5.0%. Lineage's dividend payout ratio is presently -65.53%.

Insiders Place Their Bets

In related news, Chairman Adam Matthew Schwartz Forste purchased 10,949 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $44.93 per share, for a total transaction of $491,938.57. Following the acquisition, the chairman directly owned 35,266 shares of the company's stock, valued at $1,584,501.38. This trade represents a 45.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sudarsan V. Thattai acquired 4,420 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were bought at an average cost of $45.23 per share, for a total transaction of $199,916.60. Following the acquisition, the insider owned 4,420 shares of the company's stock, valued at $199,916.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 26,869 shares of company stock worth $1,194,980. 71.90% of the stock is 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.

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