Nisa Investment Advisors LLC Makes New Investment in Lineage, Inc. (NASDAQ:LINE)

Nisa Investment Advisors LLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,831 shares of the company's stock, valued at approximately $4,871,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Seven Grand Managers LLC acquired a new position in Lineage during the 3rd quarter worth approximately $24,298,000. Sequoia Financial Advisors LLC acquired a new position in shares of Lineage during the third quarter worth approximately $23,893,000. Renaissance Capital LLC bought a new position in shares of Lineage in the 3rd quarter worth $5,209,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Lineage in the 3rd quarter worth $3,582,000. Finally, State of Alaska Department of Revenue acquired a new stake in Lineage in the 3rd quarter valued at $2,306,000.

Analyst Ratings Changes

LINE has been the topic of a number of recent research reports. Truist Financial began coverage on shares of Lineage in a research note on Monday, August 19th. They issued a "buy" rating and a $94.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Lineage in a report on Monday, August 19th. They set an "overweight" rating and a $93.00 price objective for the company. Mizuho started coverage on Lineage in a report on Monday, August 19th. They issued a "neutral" rating and a $86.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Lineage in a research report on Monday, August 19th. They issued a "hold" rating and a $90.00 price target for the company. Finally, Capital One Financial began coverage on shares of Lineage in a report on Monday, September 16th. They set an "overweight" rating and a $91.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.50.

Lineage Stock Performance

NASDAQ:LINE traded down $1.77 during trading hours on Friday, reaching $72.27. The stock had a trading volume of 581,676 shares, compared to its average volume of 1,422,400. The stock has a 50 day moving average of $79.43. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. Lineage, Inc. has a 12-month low of $72.03 and a 12-month high of $89.85.

Lineage Dividend Announcement

The firm 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 of this dividend was Monday, September 30th.

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.