Ghisallo Capital Management LLC Sells 300,000 Shares of Lineage, Inc. $LINE

Ghisallo Capital Management LLC reduced its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 60.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 200,100 shares of the company’s stock after selling 300,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Lineage were worth $7,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares in the last quarter. Caitlin John LLC bought a new position in Lineage during the 3rd quarter valued at about $31,000. Allworth Financial LP lifted its holdings in Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after purchasing an additional 614 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Lineage in the third quarter valued at about $45,000.

Wall Street Analysts Forecast Growth

LINE has been the topic of several research analyst reports. Barclays reaffirmed a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Wall Street Zen downgraded Lineage from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. UBS Group decreased their price target on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.18.

Insider Transactions at Lineage

In other news, Chairman Kevin Patrick Marchetti acquired 11,222 shares of Lineage stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $39.05 per share, with a total value of $438,219.10. Following the acquisition, the chairman owned 100,390 shares in the company, valued at $3,920,229.50. This represents a 12.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 71.90% of the company’s stock.

Lineage Trading Down 1.2%

LINE opened at $36.43 on Friday. Lineage, Inc. has a 1-year low of $32.46 and a 1-year high of $61.01. The stock has a market capitalization of $8.27 billion, a PE ratio of -84.72 and a beta of -0.42. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $37.54 and a two-hundred day moving average price of $37.78.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. Lineage’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

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

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.