Private Advisor Group LLC Sells 69,531 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Private Advisor Group LLC trimmed its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINCFree Report) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,646 shares of the company’s stock after selling 69,531 shares during the quarter. Private Advisor Group LLC owned 0.44% of Lincoln Educational Services worth $1,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LINC. Bank of New York Mellon Corp grew its stake in shares of Lincoln Educational Services by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 84,070 shares of the company’s stock worth $602,000 after purchasing an additional 3,306 shares during the last quarter. BlackRock Inc. increased its stake in shares of Lincoln Educational Services by 4.3% in the first quarter. BlackRock Inc. now owns 543,431 shares of the company’s stock valued at $3,885,000 after buying an additional 22,282 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Lincoln Educational Services by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 369,499 shares of the company’s stock worth $2,642,000 after acquiring an additional 63,887 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Lincoln Educational Services by 15.5% in 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 period. Finally, Northern Trust Corp boosted its holdings in Lincoln Educational Services by 6.2% in the first quarter. Northern Trust Corp now owns 46,203 shares of the company’s stock valued at $330,000 after acquiring an additional 2,710 shares during the last quarter. 72.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities boosted their price target on shares of Lincoln Educational Services from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. StockNews.com lowered shares of Lincoln Educational Services from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th.

Check Out Our Latest Report on LINC

Lincoln Educational Services Stock Performance

Lincoln Educational Services stock opened at $8.95 on Wednesday. The stock’s 50 day moving average price is $9.47 and its two-hundred day moving average price is $8.79. The stock has a market capitalization of $280.67 million, a price-to-earnings ratio of 9.84, a PEG ratio of 1.01 and a beta of 1.25. Lincoln Educational Services Co. has a 52-week low of $5.05 and a 52-week high of $10.35.

Lincoln Educational Services (NASDAQ:LINCGet Free Report) last issued its earnings results on Monday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Lincoln Educational Services had a net margin of 7.56% and a return on equity of 9.93%. The business had revenue of $99.62 million for the quarter, compared to analyst estimates of $95.29 million. On average, equities research analysts forecast that Lincoln Educational Services Co. will post 0.43 EPS for the current year.

Insider Transactions at Lincoln Educational Services

In related news, Director James J. Burke, Jr. sold 3,942 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $9.61, for a total transaction of $37,882.62. Following the transaction, the director now directly owns 100,420 shares of the company’s stock, valued at approximately $965,036.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 25.70% of the company’s stock.

Lincoln Educational Services Company Profile

(Free Report)

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions.

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Institutional Ownership by Quarter for Lincoln Educational Services (NASDAQ:LINC)

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