Lincoln Educational Services (NASDAQ:LINC) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a buy rating to a hold rating in a research report released on Wednesday.

Other equities research analysts also recently issued research reports about the company. Lake Street Capital raised their price target on Lincoln Educational Services from $14.00 to $15.00 and gave the company a buy rating in a research report on Tuesday. Barrington Research raised their price objective on Lincoln Educational Services from $13.00 to $14.00 and gave the company an outperform rating in a report on Monday. Rosenblatt Securities reaffirmed a buy rating and issued a $13.50 target price on shares of Lincoln Educational Services in a research note on Monday, April 29th. Finally, B. Riley increased their price target on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a buy rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $14.38.

Lincoln Educational Services Trading Up 5.5 %

Shares of LINC opened at $12.55 on Wednesday. Lincoln Educational Services has a 1-year low of $5.70 and a 1-year high of $13.03. The company has a market capitalization of $394.70 million, a P/E ratio of 14.59, a P/E/G ratio of 1.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. The firm’s 50 day simple moving average is $10.23 and its 200 day simple moving average is $9.72.

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

Insider Activity

In other news, Director J Barry Morrow sold 5,252 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total value of $52,940.16. Following the completion of the sale, the director now owns 122,911 shares of the company’s stock, valued at approximately $1,238,942.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director J Barry Morrow sold 5,252 shares of Lincoln Educational Services stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total value of $52,940.16. Following the transaction, the director now directly owns 122,911 shares of the company’s stock, valued at $1,238,942.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Juniper Investment Company, Ll sold 73,241 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $10.09, for a total transaction of $739,001.69. Following the sale, the insider now directly owns 1,293,390 shares of the company’s stock, valued at approximately $13,050,305.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,692 shares of company stock valued at $5,858,793. 16.80% of the stock is currently owned by insiders.

Institutional Trading of Lincoln Educational Services

Several large investors have recently modified their holdings of the business. First Eagle Investment Management LLC raised its position in Lincoln Educational Services by 12.2% during the 3rd 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 last quarter. SG Americas Securities LLC lifted its position in shares of Lincoln Educational Services by 31.1% in the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock worth $135,000 after purchasing an additional 3,182 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Lincoln Educational Services during the 3rd quarter valued at about $65,000. Strs Ohio purchased a new position in shares of Lincoln Educational Services during the third quarter valued at about $192,000. Finally, Bank of New York Mellon Corp raised its stake in Lincoln Educational Services by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock worth $1,114,000 after buying an additional 1,239 shares in the last quarter. 72.23% of the stock is owned by institutional investors.

About Lincoln Educational Services

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.