Aew Capital Management L P Decreases Stock Position in Lineage, Inc. (NASDAQ:LINE)

Aew Capital Management L P decreased its position in shares of Lineage, Inc. (NASDAQ:LINE) by 99.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500 shares of the company’s stock after selling 220,906 shares during the period. Aew Capital Management L P’s holdings in Lineage were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE purchased a new position in Lineage during the 3rd quarter valued at $25,000. GAMMA Investing LLC lifted 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 during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Lineage during the third quarter valued at $34,000. Stifel Financial Corp bought a new position in shares of Lineage in the third quarter worth about $211,000. Finally, MetLife Investment Management LLC purchased a new position in Lineage in the 3rd quarter worth about $226,000.

Lineage Stock Up 1.0 %

Lineage stock opened at $60.25 on Friday. Lineage, Inc. has a one year low of $52.75 and a one year high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $57.71 and a two-hundred day moving average of $68.58.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada dropped their price target on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $75.00 in a report on Friday, December 20th. Finally, Mizuho lowered their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. 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 stock. According to MarketBeat.com, Lineage presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.41.

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.