SCP Investment LP Has $18.55 Million Stake in Lineage, Inc. $LINE

SCP Investment LP grew its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 113.3% during the third quarter, HoldingsChannel reports. The firm owned 480,000 shares of the company’s stock after purchasing an additional 255,000 shares during the quarter. Lineage accounts for approximately 14.9% of SCP Investment LP’s holdings, making the stock its 2nd biggest position. SCP Investment LP’s holdings in Lineage were worth $18,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in Lineage by 110.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock valued at $998,000 after acquiring an additional 12,021 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Lineage by 58.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock valued at $2,937,000 after purchasing an additional 27,905 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Lineage by 590.5% during the second quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock valued at $3,859,000 after purchasing an additional 75,838 shares during the last quarter. GCM Grosvenor Holdings LLC bought a new stake in shares of Lineage in the 2nd quarter worth approximately $13,146,000. Finally, Becker Capital Management Inc. bought a new stake in shares of Lineage in the 2nd quarter worth approximately $1,298,000.

Analyst Ratings Changes

A number of brokerages have issued reports on LINE. Barclays reiterated a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Royal Bank Of Canada lowered their price target on Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th. Piper Sandler restated a “neutral” rating and set a $41.00 price objective (down from $55.00) on shares of Lineage in a research note on Thursday, November 6th. Finally, Mizuho decreased their target price on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $42.06.

Lineage Price Performance

NASDAQ LINE opened at $37.12 on Wednesday. Lineage, Inc. has a one year low of $32.46 and a one year high of $62.30. The stock has a 50-day moving average of $36.15 and a 200 day moving average of $38.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of -46.99 and a beta of -0.19.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Lineage’s payout ratio is presently -267.09%.

Lineage Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.