5,919 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,919 shares of the company's stock, valued at approximately $347,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares in the last quarter. FIL Ltd acquired a new stake in Lineage during the 4th quarter worth $29,000. Franklin Resources Inc. purchased a new stake in shares of Lineage during the fourth quarter worth $208,000. Stifel Financial Corp acquired a new stake in shares of Lineage in the third quarter valued at about $211,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Lineage by 61.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,703 shares of the company's stock worth $217,000 after buying an additional 1,415 shares in the last quarter.

Analyst Upgrades and Downgrades

LINE has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 17th. Scotiabank reaffirmed a "sector perform" rating and issued a $56.00 price target (down previously from $74.00) on shares of Lineage in a report on Thursday, April 10th. Piper Sandler reduced their price objective on Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Robert W. Baird dropped their target price on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, Mizuho dropped their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Nine equities 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $77.63.

Lineage Stock Down 0.9 %

NASDAQ:LINE traded down $0.53 during mid-day trading on Friday, hitting $55.85. The stock had a trading volume of 518,602 shares, compared to its average volume of 1,248,925. Lineage, Inc. has a twelve month low of $46.63 and a twelve month high of $89.85. The stock has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $61.22. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a dividend of $0.5275 per share. The ex-dividend date was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.78%.

Insiders Place Their Bets

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the transaction, the chairman now owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

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.