Lincoln Educational Services (NASDAQ:LINC – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Several other equities analysts have also recently weighed in on LINC. Barrington Research reissued an “outperform” rating and set a $8.50 price objective on shares of Lincoln Educational Services in a research report on Wednesday, February 22nd. Rosenblatt Securities lowered their price target on Lincoln Educational Services from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th.
Lincoln Educational Services Stock Performance
NASDAQ LINC opened at $6.29 on Thursday. Lincoln Educational Services has a twelve month low of $4.59 and a twelve month high of $7.93. The stock has a market capitalization of $198.20 million, a PE ratio of 17.00, a P/E/G ratio of 1.10 and a beta of 1.07. The stock has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $5.96.
Lincoln Educational Services (NASDAQ:LINC – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.07. Lincoln Educational Services had a return on equity of 10.66% and a net margin of 3.63%. The business had revenue of $91.78 million during the quarter, compared to analysts’ expectations of $89.86 million. During the same quarter in the previous year, the firm earned $0.73 EPS. As a group, equities research analysts forecast that Lincoln Educational Services will post 0.34 EPS for the current fiscal year.
Insider Activity
In related news, major shareholder Juniper Investment Company, Ll sold 14,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $5.97, for a total transaction of $83,580.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Scott M. Shaw sold 53,183 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $6.14, for a total value of $326,543.62. Following the completion of the transaction, the chief executive officer now owns 1,040,475 shares in the company, valued at approximately $6,388,516.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $5.97, for a total value of $83,580.00. The disclosure for this sale can be found here. Insiders have sold a total of 121,312 shares of company stock valued at $738,099 in the last 90 days. 29.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Lincoln Educational Services
Several hedge funds have recently bought and sold shares of LINC. Alyeska Investment Group L.P. lifted its position in Lincoln Educational Services by 4.9% during the first quarter. Alyeska Investment Group L.P. now owns 1,619,188 shares of the company’s stock worth $11,577,000 after acquiring an additional 75,699 shares during the last quarter. Vanguard Group Inc. lifted its position in Lincoln Educational Services by 15.5% during the first quarter. Vanguard Group Inc. now owns 1,424,721 shares of the company’s stock worth $10,186,000 after acquiring an additional 191,276 shares during the last quarter. Herr Investment Group LLC acquired a new stake in Lincoln Educational Services during the fourth quarter worth approximately $7,481,000. Renaissance Technologies LLC lifted its position in Lincoln Educational Services by 12.4% during the first quarter. Renaissance Technologies LLC now owns 850,278 shares of the company’s stock worth $6,079,000 after acquiring an additional 93,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Lincoln Educational Services by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 766,299 shares of the company’s stock valued at $4,437,000 after buying an additional 123,963 shares in the last quarter. 85.87% of the stock is currently owned by institutional investors and hedge funds.
About Lincoln Educational Services
Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Corporate. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive, diesel, heating, ventilation, and air conditioning, welding, and manufacturing.