Burkehill Global Management LP Makes New $26.36 Million Investment in Lineage, Inc. (NASDAQ:LINE)

Burkehill Global Management LP acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 450,000 shares of the company's stock, valued at approximately $26,356,000. Lineage accounts for about 2.5% of Burkehill Global Management LP's portfolio, making the stock its 8th largest holding. Burkehill Global Management LP owned approximately 0.20% of Lineage as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in Lineage by 130.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,070,915 shares of the company's stock worth $62,723,000 after acquiring an additional 605,670 shares in the last quarter. EPIQ Capital Group LLC grew its holdings in shares of Lineage by 10.9% in the 4th quarter. EPIQ Capital Group LLC now owns 5,100 shares of the company's stock worth $301,000 after purchasing an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lineage by 79.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,802 shares of the company's stock worth $1,336,000 after purchasing an additional 10,096 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Lineage by 10.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company's stock valued at $35,306,000 after purchasing an additional 57,302 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Lineage by 9.7% in the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock valued at $292,000 after buying an additional 439 shares in the last quarter.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on LINE shares. Scotiabank lifted their price objective on Lineage from $73.00 to $74.00 and gave the company a "sector outperform" rating in a research report on Monday, March 10th. BNP Paribas began coverage on Lineage in a report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price target for the company. Robert W. Baird decreased their price target on Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered shares of Lineage from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Finally, Mizuho cut their price target on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.06.

Insider Buying and Selling at Lineage

In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the transaction, the chairman now directly owns 24,317 shares of the company's stock, valued at $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 SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Lineage Stock Up 3.1 %

Shares of NASDAQ LINE traded up $1.76 during midday trading on Friday, reaching $58.54. The company's stock had a trading volume of 1,013,273 shares, compared to its average volume of 999,320. The stock has a 50 day simple moving average of $57.93 and a 200-day simple moving average of $66.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

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.