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

Wall Street Zen cut shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently commented on LIND. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Benchmark boosted their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group assumed coverage on Lindblad Expeditions in a report on Wednesday, September 9th. They set a “hold” rating and a $29.00 target price for the company. Four 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. According to MarketBeat.com, Lindblad Expeditions has an average rating of “Hold” and an average target price of $30.83.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $26.00 on Friday. Lindblad Expeditions has a one year low of $11.37 and a one year high of $35.00. The firm’s 50 day simple moving average is $29.16 and its two-hundred day simple moving average is $23.59. The stock has a market capitalization of $1.71 billion, a P/E ratio of -68.42 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other news, Director Michael Bisnow sold 44,642 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the sale, the director owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Lindblad Expeditions during the second quarter worth about $122,583,000. California State Teachers Retirement System increased its stake in shares of Lindblad Expeditions by 4,129.5% during the second quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock valued at $43,885,000 after purchasing an additional 1,517,249 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of 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 purchasing an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Lindblad Expeditions during the second quarter valued at approximately $19,362,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.