Lindblad Expeditions (LIND) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Lindblad Expeditions Holdings, Inc. is an expedition travel company. It produce marine expedition programs and promote conservation and sustainable tourism. The company operates expeditions on intimately-scaled ships and allows interaction between guests, crew and the teams of scientists, naturalists, researchers and photographers. Lindblad Expeditions Holdings, Inc. is headquartered in New York. “

LIND has been the subject of several other research reports. BidaskClub downgraded shares of Lindblad Expeditions from a buy rating to a hold rating in a report on Thursday, September 27th. TheStreet downgraded shares of Lindblad Expeditions from a b rating to a c+ rating in a report on Monday, November 19th. Finally, Deutsche Bank upped their price target on shares of Lindblad Expeditions from $12.00 to $13.00 and gave the company a hold rating in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Lindblad Expeditions presently has a consensus rating of Hold and an average target price of $13.75.

Shares of Lindblad Expeditions stock traded down $0.35 during trading on Tuesday, hitting $12.63. 4,566 shares of the stock were exchanged, compared to its average volume of 112,732. The firm has a market capitalization of $595.60 million, a P/E ratio of 141.00 and a beta of 0.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.98 and a current ratio of 0.99. Lindblad Expeditions has a 12 month low of $8.66 and a 12 month high of $15.88.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $87.24 million for the quarter, compared to analyst estimates of $91.26 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post 0.23 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ValueAct Holdings L.P. acquired a new stake in Lindblad Expeditions in the 2nd quarter valued at about $22,409,000. Brown Advisory Inc. lifted its stake in Lindblad Expeditions by 3.3% during the third quarter. Brown Advisory Inc. now owns 1,675,738 shares of the company’s stock valued at $24,918,000 after buying an additional 52,898 shares in the last quarter. BlackRock Inc. lifted its stake in Lindblad Expeditions by 0.9% during the third quarter. BlackRock Inc. now owns 1,369,142 shares of the company’s stock valued at $20,359,000 after buying an additional 11,943 shares in the last quarter. Vanguard Group Inc. lifted its stake in Lindblad Expeditions by 3.7% during the third quarter. Vanguard Group Inc. now owns 1,243,928 shares of the company’s stock valued at $18,497,000 after buying an additional 44,949 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in Lindblad Expeditions by 3.7% during the third quarter. Vanguard Group Inc now owns 1,243,928 shares of the company’s stock valued at $18,497,000 after buying an additional 44,949 shares in the last quarter. 54.05% of the stock is owned by institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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