BidaskClub downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a sell rating in a research report report published on Friday.
LIND has been the subject of a number of other reports. Zacks Investment Research cut shares of Lindblad Expeditions from a buy rating to a hold rating in a report on Tuesday. TheStreet cut shares of Lindblad Expeditions from a b rating to a c+ rating in a research note on Monday, November 19th. Finally, Deutsche Bank increased their price objective on shares of Lindblad Expeditions from $12.00 to $13.00 and gave the stock a hold rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $13.75.
LIND stock traded down $0.22 during midday trading on Friday, reaching $12.76. 178,918 shares of the company’s stock traded hands, compared to its average volume of 97,363. Lindblad Expeditions has a 52-week low of $8.66 and a 52-week high of $15.88. The stock has a market cap of $595.60 million, a P/E ratio of 141.78 and a beta of 0.17. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.56.
Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The business had revenue of $87.24 million for the quarter, compared to analyst estimates of $91.26 million. As a group, equities analysts forecast that Lindblad Expeditions will post 0.23 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc increased its stake in shares of Lindblad Expeditions by 3.7% in the third quarter. Vanguard Group Inc now owns 1,243,928 shares of the company’s stock worth $18,497,000 after purchasing an additional 44,949 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Lindblad Expeditions by 3.7% in the third quarter. Vanguard Group Inc. now owns 1,243,928 shares of the company’s stock worth $18,497,000 after purchasing an additional 44,949 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of Lindblad Expeditions in the third quarter worth $222,000. Mackenzie Financial Corp bought a new position in shares of Lindblad Expeditions during the third quarter worth $2,615,000. Finally, MetLife Investment Advisors LLC boosted its position in shares of Lindblad Expeditions by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 16,724 shares of the company’s stock worth $249,000 after acquiring an additional 5,945 shares during the last quarter. 54.05% of the stock is owned by hedge funds and other institutional investors.
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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