Schonfeld Strategic Advisors LLC Buys 156,541 Shares of Lineage, Inc. (NASDAQ:LINE)

Schonfeld Strategic Advisors LLC grew its holdings in Lineage, Inc. (NASDAQ:LINE - Free Report) by 582.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,397 shares of the company's stock after purchasing an additional 156,541 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.08% of Lineage worth $10,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Lineage in the fourth quarter worth approximately $681,572,000. Vanguard Group Inc. boosted its position in Lineage by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company's stock valued at $562,003,000 after purchasing an additional 408,526 shares during the last quarter. D1 Capital Partners L.P. increased its position in Lineage by 257.5% in the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company's stock worth $219,848,000 after purchasing an additional 2,703,598 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Lineage by 80.8% during the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after purchasing an additional 1,384,481 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Lineage by 36.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company's stock valued at $180,811,000 after buying an additional 831,533 shares during the last quarter.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LINE shares. Morgan Stanley cut their price objective on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Scotiabank reissued a "sector perform" rating and set a $56.00 target price (down from $74.00) on shares of Lineage in a research report on Thursday, April 10th. Mizuho reduced their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lowered their price objective on Lineage from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Citigroup assumed coverage on Lineage in a research report on Friday, March 28th. They set a "neutral" rating and a $64.00 target price for the company. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.47.

Lineage Stock Performance

LINE traded down $0.97 during trading on Monday, reaching $44.31. 934,028 shares of the company's stock were exchanged, compared to its average volume of 1,266,129. Lineage, Inc. has a fifty-two week low of $44.05 and a fifty-two week high of $89.85. The company has a market capitalization of $10.11 billion and a P/E ratio of -13.81. 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 business has a 50 day moving average price of $56.55 and a 200 day moving average price of $60.24.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.34 billion. The company's quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were paid a dividend of $0.5275 per share. The ex-dividend date was Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 4.76%. Lineage's dividend payout ratio is currently -65.53%.

Lineage 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.