Lindblad Expeditions (NASDAQ:LIND) Cut to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Lindblad Expeditions (NASDAQ:LIND – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

LIND has been the subject of a number of other research reports. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Stifel Nicolaus set a $43.00 price target on shares of Lindblad Expeditions in a research report on Wednesday, November 4th. Jefferies Financial Group upped their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.50.

Read Our Latest Research Report on LIND

Lindblad Expeditions Price Performance

Shares of LIND opened at $35.70 on Friday. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $38.85. The stock’s fifty day moving average price is $31.65 and its two-hundred day moving average price is $24.94. The firm has a market cap of $2.34 billion, a PE ratio of -1,785.00 and a beta of 2.27.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $269.15 million during the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a negative return on equity of 2.74% and a net margin of 0.67%. Sell-side analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 66,872 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $36.95, for a total value of $2,470,920.40. Following the completion of the transaction, the director owned 9,937,202 shares in the company, valued at $367,179,613.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 750,000 shares of company stock worth $26,532,349. Corporate insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $122,583,000. Pinnacle Associates Ltd. grew its stake in Lindblad Expeditions by 8.0% during the third quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after acquiring an additional 64,185 shares in the last quarter. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Lindblad Expeditions during the 2nd quarter worth approximately $19,362,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

(Get Free Report)

Lindblad Expeditions Holdings, Inc operates expedition cruises and nature-focused travel experiences through Lindblad Expeditions and its land-based travel business, Natural Habitat Adventures. Its trips emphasize wildlife, ecosystems and cultural exploration, with small ships and guided excursions designed to reach destinations that are less accessible to larger vessels.

The company’s itineraries include destinations such as Antarctica, the Arctic, the Galápagos Islands, Alaska and Baja California, as well as other regions around the world.

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