EPIQ Capital Group LLC Boosts Stock Holdings in Lineage, Inc. (NASDAQ:LINE)

EPIQ Capital Group LLC grew its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 10.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,100 shares of the company’s stock after buying an additional 500 shares during the period. EPIQ Capital Group LLC’s holdings in Lineage were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LINE. US Bancorp DE purchased a new stake in Lineage during the third quarter valued at about $25,000. GAMMA Investing LLC grew its holdings in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Lineage during the 3rd quarter worth about $34,000. Stifel Financial Corp acquired a new stake in Lineage during the 3rd quarter worth approximately $211,000. Finally, MetLife Investment Management LLC purchased a new position in Lineage in the third quarter valued at approximately $226,000.

Lineage Stock Up 0.4 %

NASDAQ LINE opened at $61.26 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 12 month low of $52.75 and a 12 month high of $89.85. The company’s fifty day moving average price is $57.95 and its two-hundred day moving average price is $67.30.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 3.44%.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the purchase, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

LINE has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Piper Sandler decreased their price target on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Mizuho cut their price objective on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird decreased their target price on Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lowered their target price on Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lineage presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.