GM Advisory Group LLC Makes New $784,000 Investment in Lineage, Inc. (NASDAQ:LINE)

GM Advisory Group LLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $784,000.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE bought a new stake in Lineage in the 3rd quarter valued at $25,000. Spirit of America Management Corp NY purchased a new stake in shares of Lineage in the third quarter worth about $165,000. Amalgamated Bank purchased a new position in Lineage during the 3rd quarter valued at approximately $255,000. Oppenheimer Asset Management Inc. bought a new stake in Lineage in the 3rd quarter worth approximately $312,000. Finally, Villere ST Denis J & Co. LLC bought a new position in shares of Lineage during the 3rd quarter valued at approximately $314,000.

Analyst Upgrades and Downgrades

LINE has been the topic of several recent research reports. Evercore ISI decreased 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 report on Thursday, November 7th. Mizuho initiated coverage on Lineage in a report on Monday, August 19th. They set a “neutral” rating and a $86.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $100.00 price target on the stock. Five 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Stock Performance

Lineage stock opened at $62.95 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $74.40. Lineage, Inc. has a twelve month low of $62.50 and a twelve month high of $89.85.

Lineage (NASDAQ:LINE) last issued 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. Lineage’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. On average, equities analysts forecast that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Announces Dividend

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