Healthcare of Ontario Pension Plan Trust Fund Invests $47.03 Million in Lineage, Inc. (NASDAQ:LINE)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 600,000 shares of the company’s stock, valued at approximately $47,028,000.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE bought a new stake in Lineage in the third quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in Lineage in the third quarter worth approximately $34,000. Spirit of America Management Corp NY bought a new stake in Lineage in the third quarter worth approximately $165,000. Amalgamated Bank bought a new stake in Lineage in the third quarter worth approximately $255,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Lineage in the third quarter valued at approximately $312,000.

Wall Street Analyst Weigh In

LINE has been the subject of a number of research reports. Morgan Stanley initiated coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 price objective for the company. Piper Sandler initiated coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $102.00 price objective for the company. Scotiabank reduced their price objective on Lineage from $95.00 to $94.00 and set a “sector outperform” rating for the company in a research note on Monday, August 26th. Evercore ISI reduced their price objective on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Robert W. Baird reduced their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.75.

Lineage Stock Performance

Shares of LINE opened at $64.46 on Thursday. The company has a fifty day moving average price of $73.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage, Inc. has a 1 year low of $62.50 and a 1 year high of $89.85.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, analysts forecast that Lineage, Inc. will post 3 EPS for the current year.

Lineage Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

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.