Charles Schwab Investment Management Inc. Buys 16,097 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Charles Schwab Investment Management Inc. grew its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 311,883 shares of the company’s stock after purchasing an additional 16,097 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lindblad Expeditions were worth $3,699,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its holdings in shares of Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after acquiring an additional 1,360 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $38,000. Quantbot Technologies LP increased its stake in Lindblad Expeditions by 307.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after purchasing an additional 6,071 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in Lindblad Expeditions during the 4th quarter valued at about $126,000. Finally, Paloma Partners Management Co purchased a new position in Lindblad Expeditions in the third quarter worth about $122,000. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $10.40 on Thursday. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34. The stock’s fifty day moving average price is $11.52 and its 200-day moving average price is $11.33. The company has a market cap of $567.69 million, a P/E ratio of -13.87 and a beta of 3.12.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.25.

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.