Bamco Inc. NY Invests $20.48 Million in Lineage, Inc. (NASDAQ:LINE)

Bamco Inc. NY acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 261,228 shares of the company’s stock, valued at approximately $20,475,000. Bamco Inc. NY owned about 0.11% of Lineage at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LINE. Victory Capital Management Inc. bought a new position in shares of Lineage during the third quarter worth $176,790,000. Principal Financial Group Inc. bought a new position in Lineage during the third quarter worth about $173,115,000. Baillie Gifford & Co. acquired a new position in Lineage in the third quarter valued at about $134,351,000. D1 Capital Partners L.P. acquired a new stake in shares of Lineage during the third quarter worth about $82,299,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Lineage during the 3rd quarter valued at about $47,028,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LINE. Truist Financial started coverage on Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $94.00 target price for the company. Piper Sandler started coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $102.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Lineage in a report on Monday, August 19th. They set a “hold” rating and a $90.00 target price for the company. Wells Fargo & Company boosted their price target on Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Baird R W upgraded Lineage to a “strong-buy” rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lineage presently has a consensus rating of “Moderate Buy” and an average price target of $90.75.

Lineage Stock Down 0.2 %

Shares of LINE stock opened at $63.31 on Tuesday. Lineage, Inc. has a 52-week low of $62.50 and a 52-week high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $72.26.

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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Sell-side analysts forecast that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were given 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.