Lindblad Expeditions (NASDAQ:LIND) PT Lowered to $10.00

Lindblad Expeditions (NASDAQ:LIND) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $11.00 to $10.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 19.62% from the stock’s current price.

Separately, StockNews.com cut shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $8.36 on Tuesday. The company has a market capitalization of $446.67 million, a price-to-earnings ratio of -8.89 and a beta of 2.84. The firm’s 50 day simple moving average is $9.00 and its 200 day simple moving average is $8.44. Lindblad Expeditions has a fifty-two week low of $5.47 and a fifty-two week high of $12.13.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Wednesday, February 28th. The company reported ($0.53) EPS 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. Equities research analysts expect that Lindblad Expeditions will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Ariel Investments LLC grew its position in Lindblad Expeditions by 13.3% in the third quarter. Ariel Investments LLC now owns 8,472,058 shares of the company’s stock valued at $60,999,000 after acquiring an additional 995,293 shares during the last quarter. Franklin Resources Inc. acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $5,695,000. Fred Alger Management LLC acquired a new position in shares of Lindblad Expeditions during the third quarter worth approximately $3,608,000. Polar Asset Management Partners Inc. raised its position in shares of Lindblad Expeditions by 73.1% during the first quarter. Polar Asset Management Partners Inc. now owns 694,187 shares of the company’s stock worth $6,636,000 after purchasing an additional 293,265 shares during the period. Finally, Comerica Bank acquired a new position in shares of Lindblad Expeditions during the second quarter worth approximately $22,120,000. Institutional investors and hedge funds 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.