StockNews.com Downgrades Lindblad Expeditions (NASDAQ:LIND) to Sell

StockNews.com cut shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Lindblad Expeditions Stock Up 0.9 %

Lindblad Expeditions stock opened at $9.33 on Tuesday. Lindblad Expeditions has a 12-month low of $5.47 and a 12-month high of $12.13. The firm’s fifty day moving average is $9.07 and its 200 day moving average is $8.43. The company has a market capitalization of $498.50 million, a PE ratio of -9.93 and a beta of 2.85.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The business had revenue of $125.36 million for the quarter, compared to analysts’ expectations of $127.70 million. Sell-side analysts expect that Lindblad Expeditions will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Lindblad Expeditions by 3.9% in the first quarter. Rhumbline Advisers now owns 28,632 shares of the company’s stock valued at $432,000 after acquiring an additional 1,067 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Lindblad Expeditions by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 101,157 shares of the company’s stock valued at $1,525,000 after acquiring an additional 1,075 shares during the period. Legal & General Group Plc boosted its position in shares of Lindblad Expeditions by 11.0% in the second quarter. Legal & General Group Plc now owns 11,196 shares of the company’s stock valued at $91,000 after acquiring an additional 1,105 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Lindblad Expeditions by 5.2% in the second quarter. JPMorgan Chase & Co. now owns 28,237 shares of the company’s stock valued at $307,000 after acquiring an additional 1,387 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lindblad Expeditions by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,691 shares of the company’s stock valued at $160,000 after acquiring an additional 1,412 shares during the period. Institutional investors 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.