Boothbay Fund Management LLC Raises Position in Lineage, Inc. (NASDAQ:LINE)

Boothbay Fund Management LLC lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 222.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,881 shares of the company's stock after buying an additional 41,986 shares during the quarter. Boothbay Fund Management LLC's holdings in Lineage were worth $3,566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LINE. Norges Bank acquired a new stake in Lineage in the fourth quarter valued at approximately $681,572,000. D1 Capital Partners L.P. grew its holdings in Lineage by 257.5% during the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company's stock valued at $219,848,000 after purchasing an additional 2,703,598 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Lineage during the 3rd quarter worth $173,115,000. Baillie Gifford & Co. increased its stake in Lineage by 80.8% during the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after buying an additional 1,384,481 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Lineage by 100.0% in the 4th quarter. Capital Research Global Investors now owns 2,000,433 shares of the company's stock worth $117,165,000 after buying an additional 1,000,433 shares in the last quarter.

Lineage Stock Down 0.9 %

NASDAQ:LINE opened at $55.85 on Friday. Lineage, Inc. has a 52 week low of $46.63 and a 52 week high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $56.95 and a 200-day moving average of $61.22.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Monday, March 31st.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LINE. Morgan Stanley lowered their target price on Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective on Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada cut their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. BNP Paribas assumed coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price target for the company. Finally, Citigroup assumed coverage on shares of Lineage in a research note on Friday, March 28th. They issued a "neutral" rating and a $64.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.63.

Insiders Place Their Bets

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Lineage 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.

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