Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $15.00 at Lake Street Capital

Lincoln Educational Services (NASDAQ:LINC) had its target price increased by Lake Street Capital from $14.00 to $15.00 in a research note published on Tuesday morning, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

A number of other research firms have also weighed in on LINC. B. Riley reiterated a buy rating and set a $14.00 target price (up from $12.00) on shares of Lincoln Educational Services in a report on Thursday, March 21st. Rosenblatt Securities reiterated a buy rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a research report on Monday, April 29th. Barrington Research boosted their target price on Lincoln Educational Services from $13.00 to $14.00 and gave the company an outperform rating in a research note on Monday. Finally, StockNews.com raised Lincoln Educational Services from a hold rating to a buy rating in a research note on Saturday, March 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lincoln Educational Services currently has an average rating of Buy and an average target price of $14.38.

Lincoln Educational Services Trading Down 2.7 %

Shares of LINC stock opened at $11.90 on Tuesday. The business has a 50-day moving average of $10.18 and a 200 day moving average of $9.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. Lincoln Educational Services has a 1-year low of $5.70 and a 1-year high of $13.03. The stock has a market capitalization of $374.26 million, a PE ratio of 13.84, a P/E/G ratio of 1.80 and a beta of 1.33.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Lincoln Educational Services had a return on equity of 9.63% and a net margin of 6.88%. The firm had revenue of $102.52 million during the quarter, compared to analyst estimates of $97.78 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Lincoln Educational Services will post 0.41 earnings per share for the current year.

Insider Activity

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total value of $1,717,966.96. Following the sale, the insider now owns 1,436,631 shares in the company, valued at $14,553,072.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the sale, the insider now directly owns 1,436,631 shares of the company’s stock, valued at approximately $14,553,072.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the sale, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. Insiders sold a total of 583,692 shares of company stock worth $5,858,793 in the last quarter. 16.80% of the stock is owned by company insiders.

Institutional Trading of Lincoln Educational Services

A number of institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC lifted its position in Lincoln Educational Services by 12.2% during the third quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock valued at $4,004,000 after purchasing an additional 51,534 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Lincoln Educational Services by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after buying an additional 3,182 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Lincoln Educational Services in the 3rd quarter worth $65,000. Strs Ohio bought a new stake in shares of Lincoln Educational Services in the third quarter worth $192,000. Finally, Bank of New York Mellon Corp increased its position in Lincoln Educational Services by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock valued at $1,114,000 after acquiring an additional 1,239 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Company Profile

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, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.