Lindblad Expeditions (NASDAQ:LIND) PT Lowered to $16.00

Lindblad Expeditions (NASDAQ:LINDGet Rating) had its price objective dropped by investment analysts at Stifel Nicolaus from $23.00 to $16.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has a “maintains” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 88.46% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Thursday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lindblad Expeditions from $16.00 to $14.00 in a report on Tuesday, May 17th. Finally, StockNews.com upgraded shares of Lindblad Expeditions to a “sell” rating in a report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions currently has an average rating of “Hold” and a consensus target price of $16.25.

Lindblad Expeditions Stock Up 3.0 %

NASDAQ:LIND opened at $8.49 on Tuesday. The company has a fifty day moving average of $9.64 and a 200 day moving average of $13.20. Lindblad Expeditions has a 52 week low of $6.29 and a 52 week high of $19.13. The firm has a market capitalization of $432.50 million, a P/E ratio of -3.42 and a beta of 2.11.

Lindblad Expeditions (NASDAQ:LINDGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.24). The company had revenue of $67.85 million for the quarter, compared to the consensus estimate of $57.27 million. During the same period in the prior year, the company earned ($0.66) EPS. As a group, analysts anticipate that Lindblad Expeditions will post -1.97 EPS for the current year.

Institutional Trading of Lindblad Expeditions

Several institutional investors have recently bought and sold shares of the company. Oak Family Advisors LLC grew its position in Lindblad Expeditions by 221.1% during the 2nd quarter. Oak Family Advisors LLC now owns 51,631 shares of the company’s stock valued at $418,000 after purchasing an additional 35,551 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $91,000. Russell Investments Group Ltd. boosted its holdings in shares of Lindblad Expeditions by 12.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 105,840 shares of the company’s stock valued at $856,000 after acquiring an additional 11,923 shares during the last quarter. Hedges Asset Management LLC boosted its holdings in shares of Lindblad Expeditions by 9.3% during the 2nd quarter. Hedges Asset Management LLC now owns 64,500 shares of the company’s stock valued at $523,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $2,483,000. 89.62% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

(Get Rating)

Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten 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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