Oppenheimer Asset Management Inc. Purchases New Position in Lineage, Inc. (NASDAQ:LINE)

Oppenheimer Asset Management Inc. acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,980 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Lineage in the 3rd quarter valued at about $25,000. Spirit of America Management Corp NY purchased a new position in shares of Lineage during the third quarter worth approximately $165,000. Amalgamated Bank acquired a new position in shares of Lineage in the 3rd quarter valued at $255,000. Villere ST Denis J & Co. LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $314,000. Finally, Perpetual Ltd purchased a new stake in Lineage in the 3rd quarter valued at $324,000.

Lineage Price Performance

Lineage stock opened at $63.86 on Thursday. 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 fifty-two week low of $62.50 and a fifty-two week high of $89.85. The firm has a fifty day moving average price of $74.79.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.75 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Research analysts anticipate that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on LINE shares. Baird R W upgraded shares of Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Morgan Stanley initiated coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 price objective for the company. KeyCorp assumed coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $92.00 target price on the stock. Truist Financial started coverage on Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $94.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a research report on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective on the stock. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Profile

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.