Lindblad Expeditions (NASDAQ:LIND – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday.
Lindblad Expeditions Stock Performance
NASDAQ LIND traded down $0.09 during mid-day trading on Thursday, reaching $8.27. 147,486 shares of the stock were exchanged, compared to its average volume of 274,294. The company has a market capitalization of $441.87 million, a P/E ratio of -8.80 and a beta of 2.84. The business’s 50 day moving average is $8.98 and its 200-day moving average is $8.44. Lindblad Expeditions has a 1 year low of $5.47 and a 1 year high of $12.13.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The firm had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million. Equities analysts predict that Lindblad Expeditions will post -0.36 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lindblad Expeditions
A number of hedge funds have recently made changes to their positions in LIND. Swiss National Bank raised its position in shares of Lindblad Expeditions by 8.0% in the first quarter. Swiss National Bank now owns 71,241 shares of the company’s stock valued at $1,074,000 after buying an additional 5,300 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Lindblad Expeditions by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 14,656 shares of the company’s stock valued at $221,000 after acquiring an additional 2,535 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Lindblad Expeditions by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 101,157 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,075 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Lindblad Expeditions by 56.2% in the 1st quarter. MetLife Investment Management LLC now owns 17,074 shares of the company’s stock worth $257,000 after purchasing an additional 6,140 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Lindblad Expeditions by 3.9% during the 1st quarter. Rhumbline Advisers now owns 28,632 shares of the company’s stock worth $432,000 after purchasing an additional 1,067 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet’s wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California’s Sea of Cortez and Panama, and foster engagement activities.