301,000 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Zimmer Partners LP

Zimmer Partners LP bought a new position in Lineage, Inc. (NASDAQ:LINE) during the third quarter, HoldingsChannel reports. The fund bought 301,000 shares of the company’s stock, valued at approximately $23,592,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in Lineage in the third quarter worth about $265,895,000. Weiss Asset Management LP purchased a new position in Lineage in the third quarter worth about $3,338,000. Soros Fund Management LLC purchased a new position in Lineage in the third quarter worth about $19,595,000. State Street Corp purchased a new position in shares of Lineage during the third quarter valued at approximately $113,483,000. Finally, Stifel Financial Corp purchased a new position in shares of Lineage during the third quarter valued at approximately $211,000.

Lineage Stock Down 1.2 %

NASDAQ:LINE opened at $62.12 on Friday. Lineage, Inc. has a one year low of $61.00 and a one year high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The firm has a fifty day simple moving average of $70.61.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LINE shares. Robert W. Baird lowered their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Truist Financial began coverage on Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $94.00 price target for the company. UBS Group began coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “neutral” rating and a $88.00 price objective for the company. Evercore ISI reduced their price objective on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Baird R W raised shares of Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.75.

About Lineage

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.