Amundi Sells 327 Shares of Lineage, Inc. (NASDAQ:LINE)

Amundi reduced its stake in Lineage, Inc. (NASDAQ:LINE) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,941 shares of the company’s stock after selling 327 shares during the period. Amundi’s holdings in Lineage were worth $2,877,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE bought a new position in Lineage in the third quarter worth about $25,000. GAMMA Investing LLC raised its stake in Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 448 shares in the last quarter. Larson Financial Group LLC bought a new position in Lineage in the third quarter worth about $34,000. Stifel Financial Corp bought a new position in Lineage in the third quarter worth about $211,000. Finally, MetLife Investment Management LLC bought a new position in shares of Lineage during the third quarter valued at approximately $226,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Piper Sandler decreased their target price on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Robert W. Baird decreased their target price on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group decreased their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Seven 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the purchase, the chairman now directly owns 24,317 shares of the company’s stock, valued at $1,471,178.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Lineage Trading Up 3.1 %

Shares of LINE stock opened at $58.54 on Monday. Lineage, Inc. has a 12-month low of $52.75 and a 12-month high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The firm’s 50 day moving average is $57.93 and its 200 day moving average is $66.36.

Lineage Company 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.