Nicola Wealth Management LTD. Buys Shares of 8,400 Lineage, Inc. (NASDAQ:LINE)

Nicola Wealth Management LTD. purchased a new stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,400 shares of the company's stock, valued at approximately $658,000.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Lineage during the third quarter worth approximately $25,000. Spirit of America Management Corp NY acquired a new position in Lineage in the 3rd quarter valued at $165,000. Amalgamated Bank bought a new position in shares of Lineage in the third quarter worth $255,000. Oppenheimer Asset Management Inc. bought a new stake in Lineage during the third quarter worth about $312,000. Finally, Villere ST Denis J & Co. LLC bought a new position in Lineage in the 3rd quarter valued at about $314,000.

Lineage Price Performance

LINE stock traded down $1.64 during midday trading on Thursday, hitting $63.14. The stock had a trading volume of 1,914,263 shares, compared to its average volume of 1,424,741. The company's fifty day moving average price is $76.25. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 1-year low of $62.91 and a 1-year high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.75 EPS. Lineage's revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LINE shares. KeyCorp began coverage on shares of Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $92.00 price objective on the stock. Truist Financial assumed coverage on Lineage in a research note on Monday, August 19th. They issued a "buy" rating and a $94.00 price objective on the stock. Baird R W upgraded shares of Lineage to a "strong-buy" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a research report on Monday, August 19th. They set a "hold" rating and a $90.00 price objective for the company. Finally, Royal Bank of Canada lowered their price target on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Lineage Company Profile

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.