SCP Investment LP Has $18.55 Million Stake in Lineage, Inc. $LINE

SCP Investment LP increased its stake in Lineage, Inc. (NASDAQ:LINE) by 113.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,000 shares of the company’s stock after purchasing an additional 255,000 shares during the period. Lineage makes up approximately 14.9% of SCP Investment LP’s portfolio, making the stock its 2nd biggest holding. SCP Investment LP owned approximately 0.21% of Lineage worth $18,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. Allworth Financial LP grew its position in Lineage by 426.4% in the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after acquiring an additional 614 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Lineage by 29,300.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 882 shares of the company’s stock valued at $38,000 after acquiring an additional 879 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Lineage in the third quarter valued at $45,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Lineage from $43.00 to $32.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. The Goldman Sachs Group dropped their target price on Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Royal Bank Of Canada cut their target price on Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Piper Sandler reissued a “neutral” rating and set a $41.00 price target (down from $55.00) on shares of Lineage in a research note on Thursday, November 6th. Finally, Mizuho lowered their price objective on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $42.06.

Lineage Price Performance

LINE stock opened at $37.12 on Wednesday. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of -46.99 and a beta of -0.19. The firm’s 50-day moving average price is $36.15 and its two-hundred day moving average price is $38.00. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. Lineage, Inc. has a 12-month low of $32.46 and a 12-month high of $62.30.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were issued a $0.5275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 5.7%. Lineage’s dividend payout ratio (DPR) is -267.09%.

Lineage 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.