Lineage, Inc. $LINE Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 51.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,790 shares of the company’s stock after purchasing an additional 108,254 shares during the period. Boothbay Fund Management LLC owned approximately 0.14% of Lineage worth $11,088,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Lineage during the 4th quarter worth approximately $482,255,000. Darlington Partners Capital Management LP boosted its stake in shares of Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after acquiring an additional 1,605,810 shares in the last quarter. Morgan Stanley boosted its stake in shares of Lineage by 378.6% during the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after acquiring an additional 3,968,958 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Lineage by 4.0% during the 3rd quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after acquiring an additional 120,616 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Lineage by 8.9% during the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after acquiring an additional 145,742 shares in the last quarter.

Lineage Price Performance

LINE stock opened at $41.53 on Thursday. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $46.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The stock’s 50 day moving average price is $39.41 and its 200 day moving average price is $37.45. The firm has a market cap of $9.46 billion, a P/E ratio of -66.98 and a beta of 0.88.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.86 EPS. Lineage’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts expect that Lineage, Inc. will post 2.45 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be issued a $0.5325 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.1%. Lineage’s payout ratio is -343.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LINE shares. Compass Point started coverage on Lineage in a research note on Wednesday, March 18th. They set a “buy” rating and a $47.00 price target on the stock. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Truist Financial upped their target price on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their target price on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Scotiabank upped their target price on Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.94.

Lineage Company 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.