Lindblad Expeditions (NASDAQ:LIND) Upgraded to “Buy” at Wall Street Zen

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

Other analysts also recently issued reports about the company. Benchmark raised their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Jefferies Financial Group assumed coverage on Lindblad Expeditions in a report on Wednesday, September 9th. They issued a “hold” rating and a $29.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Hold” and an average price target of $31.00.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $27.54 on Friday. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00. The company has a market cap of $1.81 billion, a P/E ratio of -72.47 and a beta of 2.22. The business has a 50-day simple moving average of $29.26 and a two-hundred day simple moving average of $23.80.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) 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 company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Research analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. BlackRock Inc. purchased a new position in Lindblad Expeditions during the second quarter worth about $122,583,000. Principal Financial Group Inc. increased 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 worth $26,467,000 after purchasing an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after purchasing an additional 393,359 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lindblad Expeditions during the second quarter worth about $19,362,000. 75.94% of the stock is owned by hedge funds and other 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.