Jane Street Group LLC Has $3.64 Million Stake in Lineage, Inc. (NASDAQ:LINE)

Jane Street Group LLC boosted its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,064 shares of the company's stock after purchasing an additional 27,303 shares during the quarter. Jane Street Group LLC's holdings in Lineage were worth $3,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised 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 acquiring an additional 185 shares during the period. State of Alaska Department of Revenue grew its position 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 last quarter. M&T Bank Corp increased its stake in shares of 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 period. GAMMA Investing LLC increased its stake in shares of 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 period. Finally, EPIQ Capital Group LLC lifted its holdings in Lineage by 10.9% during the 4th 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 last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LINE. Royal Bank of Canada dropped their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Bank of America cut shares of Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Tuesday, May 6th. Evercore ISI dropped their price target on shares of Lineage from $68.00 to $59.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. UBS Group lowered their price objective on Lineage from $62.00 to $49.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays began coverage on Lineage in a report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective for the company. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

Insider Buying and Selling

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kevin Patrick Marchetti purchased 11,500 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $43.75 per share, with a total value of $503,125.00. Following the purchase, the chairman now directly owns 27,733 shares in the company, valued at $1,213,318.75. This represents a 70.84% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,186 shares of company stock valued at $2,666,159 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Lineage Trading Up 0.7%

LINE traded up $0.33 during trading on Friday, reaching $47.63. 1,098,253 shares of the stock traded hands, compared to its average volume of 1,259,933. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average is $53.91 and its 200 day moving average is $58.50. Lineage, Inc. has a 12 month low of $42.05 and a 12 month high of $89.85. The stock has a market capitalization of $10.89 billion and a PE ratio of -14.79.

Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share 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 9.89% and a negative net margin of 12.18%. Lineage's revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.43%. Lineage's payout ratio is presently -65.53%.

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.