Lineage, Inc. (NASDAQ:LINE) Shares Purchased by Renaissance Capital LLC

Renaissance Capital LLC boosted its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 25.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,446 shares of the company's stock after acquiring an additional 16,990 shares during the period. Lineage comprises 3.2% of Renaissance Capital LLC's investment portfolio, making the stock its 14th biggest holding. Renaissance Capital LLC's holdings in Lineage were worth $4,887,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE acquired a new position in Lineage in the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after buying an additional 448 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $34,000. Spirit of America Management Corp NY purchased a new position in shares of Lineage in the 3rd quarter valued at $165,000. Finally, Stifel Financial Corp acquired a new stake in Lineage during the 3rd quarter worth $211,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Mizuho decreased their target price on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered Lineage from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. Royal Bank of Canada decreased their price objective on Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Finally, Scotiabank lowered their target price on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating on the stock in a research report on Monday. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lineage presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.88.

Lineage Trading Down 0.5 %

NASDAQ LINE traded down $0.31 during trading hours on Friday, hitting $57.92. 382,626 shares of the stock were exchanged, compared to its average volume of 705,217. 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 12-month low of $52.75 and a 12-month high of $89.85. The stock has a 50-day moving average of $59.30.

Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results 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 business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the company posted $0.75 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that Lineage, Inc. will post 2.33 EPS for the current year.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.64%. The ex-dividend date was Tuesday, December 31st.

About Lineage

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.