UBS Group AG Raises Holdings in Lindblad Expeditions $LIND

UBS Group AG lifted its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 57.9% in the fourth quarter, HoldingsChannel reports. The firm owned 833,372 shares of the company’s stock after acquiring an additional 305,704 shares during the period. UBS Group AG’s holdings in Lindblad Expeditions were worth $12,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LIND. Pier Capital LLC purchased a new position in shares of Lindblad Expeditions during the 3rd quarter worth approximately $6,076,000. Millennium Management LLC increased its stake in shares of Lindblad Expeditions by 115.1% during the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after purchasing an additional 446,294 shares in the last quarter. Algert Global LLC increased its stake in shares of Lindblad Expeditions by 82.2% during the 3rd quarter. Algert Global LLC now owns 548,856 shares of the company’s stock worth $7,025,000 after purchasing an additional 247,684 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Lindblad Expeditions by 62.1% during the 2nd quarter. Marshall Wace LLP now owns 568,241 shares of the company’s stock worth $6,631,000 after purchasing an additional 217,638 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Lindblad Expeditions by 26.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 750,771 shares of the company’s stock worth $9,610,000 after purchasing an additional 157,786 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $18.67 on Friday. Lindblad Expeditions has a 1 year low of $9.85 and a 1 year high of $22.34. The firm’s 50 day moving average price is $18.45 and its 200 day moving average price is $16.34. The firm has a market cap of $1.22 billion, a P/E ratio of -34.57 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, equities analysts predict that Lindblad Expeditions will post 0.09 EPS for the current year.

Analyst Ratings Changes

LIND has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Benchmark raised their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Insider Buying and Selling

In related news, insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.23, for a total transaction of $535,285.80. Following the sale, the insider owned 111,530 shares in the company, valued at approximately $2,256,251.90. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director owned 45,488 shares in the company, valued at approximately $799,224.16. This trade represents a 55.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 95,728 shares of company stock worth $1,765,309. 26.10% of the stock is owned by insiders.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.