Lineage, Inc. $LINE Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 83.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,581 shares of the company’s stock after selling 27,801 shares during the period. Quantbot Technologies LP’s holdings in Lineage were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its position in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $25,000 after buying an additional 362 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Lineage during the 3rd quarter valued at about $31,000. Allworth Financial LP raised its stake in Lineage by 426.4% during the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after acquiring an additional 614 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Lineage in the third quarter worth about $45,000.

Analyst Ratings Changes

A number of brokerages have commented on LINE. Scotiabank lifted their target price on Lineage from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Wells Fargo & Company boosted their price objective on Lineage from $32.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. UBS Group lowered their price objective on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada increased their target price on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.18.

Lineage News Roundup

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Chairman Kevin P. Marchetti bought 11,222 shares at about $39.05 each (~$438k total), increasing his direct position to 100,390 shares (a 12.6% rise in his holdings). Insider buying by a senior executive is typically viewed as a vote of confidence in the company’s outlook. SEC Form 4
• Positive Sentiment: Short interest fell sharply in February — down ~27.6% to 6.95M shares as of Feb. 27 — reducing bearish pressure. Shorts now represent about 10.9% of shares and the days-to-cover is ~4.3, which can temper downside volatility as short covering risk declines. (No link provided.)
• Positive Sentiment: Scotiabank raised its price target from $39 to $42 and maintained a “sector perform” rating, implying modest upside versus recent levels; analyst target lifts can support buying interest. Benzinga
• Positive Sentiment: Zacks upgraded LINE from “strong sell” to “hold,” which may attract some buyers who follow Zacks signals or revise models upward. Zacks
• Neutral Sentiment: Several gaming/media posts referencing a Roblox game called “Bizarre Lineage” appeared (guides and how-tos). These are unrelated to Lineage, Inc.’s business and are noise for investors. Examples: VG247 (Made In Heaven) VG247, IGN (Worthiness) IGN, Beebom (Prestige) Beebom

Insider Transactions at Lineage

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

Lineage Price Performance

Shares of NASDAQ:LINE opened at $39.20 on Thursday. The firm’s 50 day moving average is $37.48 and its two-hundred day moving average is $37.82. The firm has a market capitalization of $8.90 billion, a P/E ratio of -91.16 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. Lineage, Inc. has a 52 week low of $32.46 and a 52 week high of $61.01.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. Analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is -490.70%.

Lineage Company 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.