350,000 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $27,433,000. Maverick Capital Ltd. owned about 0.15% of Lineage at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp acquired a new position in Lineage during the 3rd quarter valued at about $833,000. Sequoia Financial Advisors LLC acquired a new position in Lineage during the 3rd quarter valued at about $23,893,000. Nicola Wealth Management LTD. acquired a new position in Lineage during the 3rd quarter valued at about $658,000. abrdn plc acquired a new position in Lineage during the 3rd quarter valued at about $1,000,000. Finally, Baillie Gifford & Co. acquired a new position in Lineage during the 3rd quarter valued at about $134,351,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LINE shares. Bank of America started coverage on Lineage in a research report on Monday, August 19th. They set a “buy” rating and a $100.00 target price on the stock. Capital One Financial assumed coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock. Scotiabank cut their price objective on Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. assumed coverage on Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $93.00 price objective on the stock. Finally, Piper Sandler assumed coverage on Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $102.00 price objective on the stock. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Trading Down 1.6 %

Shares of LINE stock opened at $63.42 on Friday. The business’s 50 day simple moving average is $72.26. 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 12-month low of $62.50 and a 12-month high of $89.85.

Lineage (NASDAQ:LINE) last issued its quarterly 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). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. On average, equities analysts predict that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Dividend Announcement

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