200,000 Shares in Lineage, Inc. (NASDAQ:LINE) Purchased by TOMS Capital Investment Management LP

TOMS Capital Investment Management LP purchased a new position in Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $15,676,000. Lineage accounts for approximately 0.6% of TOMS Capital Investment Management LP’s holdings, making the stock its 14th biggest position. TOMS Capital Investment Management LP owned about 0.09% of Lineage at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE purchased a new stake in shares of Lineage in the 3rd quarter valued at $25,000. Larson Financial Group LLC acquired a new position in Lineage during the third quarter valued at $34,000. Spirit of America Management Corp NY purchased a new stake in Lineage in the third quarter valued at $165,000. MetLife Investment Management LLC acquired a new stake in Lineage during the 3rd quarter worth about $226,000. Finally, Amalgamated Bank purchased a new position in shares of Lineage during the 3rd quarter valued at about $255,000.

Lineage Stock Down 1.6 %

Shares of NASDAQ:LINE opened at $63.42 on Monday. 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 $62.50 and a 1 year high of $89.85. The stock has a 50 day moving average price of $72.26.

Lineage (NASDAQ:LINE) last announced 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 during the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, equities research analysts anticipate that Lineage, Inc. will post 3 EPS for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

Analyst Ratings Changes

A number of brokerages have recently commented on LINE. Scotiabank lowered their target price on Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Truist Financial initiated coverage on Lineage in a research report on Monday, August 19th. They issued a “buy” rating and a $94.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $93.00 target price for the company. Bank of America assumed coverage on shares of Lineage in a report on Monday, August 19th. They set a “buy” rating and a $100.00 price target on the stock. Finally, KeyCorp initiated coverage on shares of Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.75.

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.