Lineage, Inc. (NASDAQ:LINE) Short Interest Down 27.6% in February

Lineage, Inc. (NASDAQ:LINE) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 6,954,589 shares, a decline of 27.6% from the February 12th total of 9,609,402 shares. Approximately 10.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,631,824 shares, the short-interest ratio is currently 4.3 days. Based on an average daily trading volume, of 1,631,824 shares, the short-interest ratio is currently 4.3 days. Approximately 10.9% of the shares of the company are short sold.

Insider Transactions at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti bought 11,222 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of $39.05 per share, for a total transaction of $438,219.10. Following the transaction, the chairman directly owned 100,390 shares in the company, valued at $3,920,229.50. The trade was a 12.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 71.90% of the stock is owned by company insiders.

Institutional Trading of Lineage

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Lineage by 1.6% in the third quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after buying an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lineage by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after acquiring an additional 502 shares during the last quarter.

Lineage Price Performance

Shares of LINE traded down $0.44 during midday trading on Friday, reaching $36.43. The stock had a trading volume of 562,193 shares, compared to its average volume of 1,424,589. Lineage has a 52 week low of $32.46 and a 52 week high of $61.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. The firm’s 50 day moving average price is $37.54 and its 200-day moving average price is $37.73. The company has a market capitalization of $8.27 billion, a P/E ratio of 10.88 and a beta of -0.43.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.70). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. On average, analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.8%. Lineage’s dividend payout ratio (DPR) is -490.70%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LINE shares. Morgan Stanley decreased their price target on Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 16th. Zacks Research upgraded shares of Lineage from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Robert W. Baird reissued a “neutral” rating and set a $39.00 target price (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. Finally, UBS Group dropped their price target on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Lineage presently has an average rating of “Hold” and a consensus price target of $43.18.

About Lineage

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.