Centersquare Investment Management LLC Sells 168,060 Shares of Lineage, Inc. $LINE

Centersquare Investment Management LLC decreased its holdings in Lineage, Inc. (NASDAQ:LINE) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 531,490 shares of the company’s stock after selling 168,060 shares during the period. Centersquare Investment Management LLC owned approximately 0.23% of Lineage worth $18,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LINE. Jones Financial Companies Lllp increased its stake in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Caitlin John LLC bought a new position in shares of Lineage in the 3rd quarter valued at $31,000. Finally, Allworth Financial LP increased its stake in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after purchasing an additional 485 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LINE shares. Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 19th. Truist Financial lifted their price target on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Friday, March 27th. Compass Point assumed coverage on Lineage in a research report on Wednesday, March 18th. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.82.

Lineage Trading Up 0.5%

Shares of LINE stock opened at $44.57 on Friday. The firm has a market capitalization of $10.15 billion, a P/E ratio of -71.89 and a beta of 0.88. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $46.61. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $38.59 and its 200 day simple moving average is $37.24.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.Lineage’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, sell-side analysts predict that Lineage, Inc. will post 2.39 EPS for the current fiscal year.

Lineage Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.