Lineage, Inc. (NASDAQ:LINE) Position Boosted by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC grew its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,100 shares of the company's stock after purchasing an additional 200,000 shares during the quarter. Lineage makes up 4.1% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. Ghisallo Capital Management LLC owned 0.53% of Lineage worth $70,290,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. D1 Capital Partners L.P. increased its position in shares of 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 during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Lineage by 16.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 175,000 shares of the company's stock valued at $10,250,000 after purchasing an additional 25,000 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Lineage by 17.4% during the 4th quarter. Hsbc Holdings PLC now owns 43,941 shares of the company's stock valued at $2,574,000 after purchasing an additional 6,500 shares during the last quarter. Stifel Financial Corp increased its position in shares of Lineage by 30.5% during the 4th quarter. Stifel Financial Corp now owns 3,509 shares of the company's stock valued at $206,000 after purchasing an additional 821 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Lineage by 100.0% during the 4th quarter. Capital Research Global Investors now owns 2,000,433 shares of the company's stock valued at $117,165,000 after purchasing an additional 1,000,433 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LINE shares. BNP Paribas assumed coverage on shares of Lineage in a report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price objective on the stock. Citigroup initiated coverage on shares of Lineage in a research note on Friday, March 28th. They set a "neutral" rating and a $64.00 price target on the stock. Piper Sandler cut their price objective on shares of Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Barclays initiated coverage on shares of Lineage in a report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lineage currently has a consensus rating of "Moderate Buy" and an average target price of $77.63.

Insider Activity

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Lineage Stock Performance

Shares of Lineage stock traded down $0.17 on Monday, hitting $55.68. 499,198 shares of the company traded hands, compared to its average volume of 1,244,979. The firm's 50-day simple moving average is $56.97 and its 200 day simple moving average is $61.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage, Inc. has a 12-month low of $46.63 and a 12-month high of $89.85.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Monday, March 31st.

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.