Lindblad Expeditions (NASDAQ:LIND) Stock Rating Upgraded by BidaskClub

Lindblad Expeditions (NASDAQ:LIND) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

Other equities analysts also recently issued reports about the stock. Craig Hallum started coverage on shares of Lindblad Expeditions in a report on Thursday, January 9th. They set a “buy” rating and a $25.00 price objective on the stock. Sidoti raised shares of Lindblad Expeditions from a “neutral” rating to a “buy” rating in a research note on Thursday, October 31st. Janney Montgomery Scott initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 17th. They issued a “buy” rating and a $19.00 price target on the stock. ValuEngine lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.43.

LIND traded down $0.34 during midday trading on Tuesday, hitting $17.61. 4,745 shares of the company traded hands, compared to its average volume of 135,130. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $874.94 million, a price-to-earnings ratio of 73.75 and a beta of 0.13. Lindblad Expeditions has a 52-week low of $11.98 and a 52-week high of $19.29. The business has a 50 day simple moving average of $16.22 and a two-hundred day simple moving average of $17.09.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.24). The company had revenue of $100.98 million for the quarter, compared to analysts’ expectations of $104.55 million. Lindblad Expeditions had a net margin of 3.11% and a return on equity of 12.77%. Equities research analysts anticipate that Lindblad Expeditions will post 0.4 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in LIND. First Trust Advisors LP raised its stake in Lindblad Expeditions by 2.4% during the first quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock worth $761,000 after purchasing an additional 1,157 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Lindblad Expeditions by 22.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,013 shares of the company’s stock valued at $716,000 after buying an additional 7,435 shares during the period. Bank of Montreal Can grew its stake in shares of Lindblad Expeditions by 36.9% in the 2nd quarter. Bank of Montreal Can now owns 5,823 shares of the company’s stock valued at $105,000 after buying an additional 1,571 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Lindblad Expeditions by 5.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 149,637 shares of the company’s stock valued at $2,686,000 after buying an additional 8,095 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Lindblad Expeditions by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 93,357 shares of the company’s stock valued at $1,676,000 after buying an additional 4,224 shares during the period. 56.19% of the stock is currently owned by hedge funds and other institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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Analyst Recommendations for Lindblad Expeditions (NASDAQ:LIND)

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