Russell Investments Group Ltd. Has $230,000 Stock Position in Lineage, Inc. (NASDAQ:LINE)

Russell Investments Group Ltd. trimmed its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 99.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,926 shares of the company's stock after selling 396,729 shares during the period. Russell Investments Group Ltd.'s holdings in Lineage were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp bought a new stake in Lineage during the 3rd quarter valued at approximately $211,000. Barclays PLC purchased a new position in shares of Lineage in the 3rd quarter worth approximately $13,928,000. Principal Financial Group Inc. purchased a new position in shares of Lineage in the 3rd quarter valued at approximately $173,115,000. JPMorgan Chase & Co. acquired a new stake in Lineage during the 3rd quarter valued at approximately $12,542,000. Finally, GAMMA Investing LLC grew its stake in shares of Lineage by 7,466.7% during the 4th 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.

Analyst Ratings Changes

LINE has been the subject of a number of analyst reports. BNP Paribas started coverage on Lineage in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price target for the company. Royal Bank of Canada reduced their price objective on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Robert W. Baird lowered their price target on Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Barclays initiated coverage on shares of Lineage in a research note on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective on the stock. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $56.00 price target (down previously from $74.00) on shares of Lineage in a research report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.63.

Insider Transactions at Lineage

In related news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the transaction, the chairman now owns 24,317 shares of the company's stock, valued at $1,471,178.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Lineage Price Performance

Lineage stock traded down $8.26 during midday trading on Wednesday, reaching $48.23. The company's stock had a trading volume of 4,278,389 shares, compared to its average volume of 1,259,446. The stock's 50 day simple moving average is $56.90 and its 200 day simple moving average is $60.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a fifty-two week low of $46.63 and a fifty-two week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last announced 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. The firm 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 quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Announces Dividend

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

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.