D1 Capital Partners L.P. Takes $82.30 Million Position in Lineage, Inc. (NASDAQ:LINE)

D1 Capital Partners L.P. acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,050,000 shares of the company’s stock, valued at approximately $82,299,000. Lineage makes up approximately 1.6% of D1 Capital Partners L.P.’s holdings, making the stock its 20th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE acquired a new position in shares of Lineage in the third quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in Lineage in the 3rd quarter valued at $34,000. Spirit of America Management Corp NY acquired a new position in Lineage in the 3rd quarter worth $165,000. MetLife Investment Management LLC acquired a new position in Lineage in the 3rd quarter worth $226,000. Finally, Amalgamated Bank bought a new position in Lineage during the 3rd quarter worth about $255,000.

Analyst Ratings Changes

A number of analysts have recently commented on LINE shares. Mizuho began coverage on Lineage in a report on Monday, August 19th. They issued a “neutral” rating and a $86.00 price target on the stock. UBS Group began coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $88.00 price target for the company. Morgan Stanley began coverage on shares of Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $100.00 price target for the company. KeyCorp began coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price objective on the stock. Finally, Evercore ISI decreased their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

Lineage Price Performance

Shares of NASDAQ LINE opened at $64.46 on Friday. Lineage, Inc. has a twelve month low of $62.50 and a twelve month high of $89.85. The stock’s 50 day simple moving average is $72.96. 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 (NASDAQ:LINE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was up .5% on a year-over-year basis. As a group, equities research analysts expect that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

About Lineage

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.