Oak Thistle LLC Makes New $391,000 Investment in Lineage, Inc. (NASDAQ:LINE)

Oak Thistle LLC acquired a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,669 shares of the company's stock, valued at approximately $391,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after buying an additional 448 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Lineage during the third quarter valued at about $12,542,000. Principal Financial Group Inc. purchased a new stake in shares of Lineage during the third quarter worth about $173,115,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Lineage in the third quarter worth about $7,804,000. Finally, Geode Capital Management LLC purchased a new position in Lineage during the 3rd quarter valued at about $91,161,000.

Analyst Ratings Changes

LINE has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. BNP Paribas began coverage on shares of Lineage in a report on Tuesday. They issued a "neutral" rating and a $61.00 price target on the stock. The Goldman Sachs Group reduced their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday. Mizuho dropped their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Scotiabank reduced their price target on shares of Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, December 10th. Seven equities research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.06.

Lineage Stock Up 1.3 %

NASDAQ:LINE traded up $0.77 during trading hours on Friday, reaching $58.18. 660,390 shares of the company traded hands, compared to its average volume of 815,635. The firm has a 50-day moving average price of $60.99. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 1 year low of $52.75 and a 1 year high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, research analysts anticipate that Lineage, Inc. will post 2.33 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a $0.5275 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.63%.

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.