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

Lincoln Educational Services (NASDAQ:LINC) had its price objective raised by Lake Street Capital from $14.00 to $15.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

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

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $11.90 on Tuesday. Lincoln Educational Services has a 52 week low of $5.70 and a 52 week high of $13.03. The business’s 50 day moving average price is $10.18 and its 200 day moving average price is $9.70. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $374.26 million, a P/E 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 EPS 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 business had revenue of $102.52 million for the quarter, compared to the consensus estimate of $97.78 million. During the same period in the prior year, the firm earned $0.32 EPS. On average, sell-side analysts expect that Lincoln Educational Services will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total value of $1,717,966.96. Following the completion of the sale, the insider now directly owns 1,436,631 shares in the company, valued at $14,553,072.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the business’s 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 transaction, the insider now owns 1,436,631 shares of the company’s stock, valued at approximately $14,553,072.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Chad D. Nyce sold 26,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of 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 have sold 583,692 shares of company stock valued at $5,858,793 in the last ninety days. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lincoln Educational Services

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake 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 worth $1,114,000 after acquiring an additional 1,239 shares during the last quarter. SG Americas Securities LLC grew 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 worth $135,000 after purchasing an additional 3,182 shares during the period. BNP Paribas Financial Markets increased its position in shares of Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in Lincoln Educational Services by 1.4% in the 1st quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock valued at $4,342,000 after buying an additional 5,832 shares during the period. Finally, AJOVista LLC acquired a new position in Lincoln Educational Services in the fourth quarter valued at about $67,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.