GSI Capital Advisors LLC Invests $1.87 Million in Lineage, Inc. $LINE

GSI Capital Advisors LLC bought a new position in Lineage, Inc. (NASDAQ:LINE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,547 shares of the company’s stock, valued at approximately $1,874,000.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Lineage in the fourth quarter worth about $482,255,000. Darlington Partners Capital Management LP boosted its stake in shares of Lineage by 45.5% in the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after buying an additional 1,605,810 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Lineage by 4.0% in the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after buying an additional 120,616 shares during the last quarter. State Street Corp boosted its stake in shares of Lineage by 8.9% in the second quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after buying an additional 145,742 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Lineage by 27.8% in the fourth quarter. Geode Capital Management LLC now owns 1,459,422 shares of the company’s stock worth $51,086,000 after buying an additional 317,646 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LINE. Barclays upped their target price on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Compass Point assumed coverage on Lineage in a report on Wednesday, March 18th. They issued a “buy” rating and a $47.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a report on Friday, March 27th. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Truist Financial upped their price target on Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Lineage has an average rating of “Hold” and a consensus target price of $43.82.

Lineage Stock Performance

NASDAQ LINE opened at $44.57 on Friday. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of -71.89 and a beta of 0.88. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $46.61. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $38.59 and a 200 day moving average of $37.24.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. Lineage’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts anticipate that Lineage, Inc. will post 2.39 EPS for the current fiscal year.

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.