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

Lincoln Educational Services (NASDAQ:LINC) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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

Lincoln Educational Services Stock Up 0.7 %

Shares of NASDAQ LINC opened at $12.64 on Wednesday. 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 moving average is $10.29 and its two-hundred day moving average is $9.74. Lincoln Educational Services has a 12-month low of $5.70 and a 12-month high of $13.05. The company has a market capitalization of $397.45 million, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, February 26th. The company reported $0.32 EPS 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 for the quarter, compared to analysts’ expectations of $97.78 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Equities analysts anticipate that Lincoln Educational Services will post 0.41 EPS for the current fiscal year.

Insider Activity at Lincoln Educational Services

In related news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $10.02, for a total value of $260,520.00. Following the transaction, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at approximately $1,549,552.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Chad D. Nyce sold 26,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was 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 owns 154,646 shares in the company, valued at approximately $1,549,552.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.97, for a total transaction of $2,861,360.09. Following the completion of the transaction, the insider now owns 996,811 shares in the company, valued at approximately $9,938,205.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 583,692 shares of company stock worth $5,858,793. 16.80% of the stock is owned by company insiders.

Institutional Trading of Lincoln Educational Services

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of 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 purchasing an additional 1,239 shares in the last quarter. SG Americas Securities LLC raised 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. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 4,217 shares in the last quarter. Essex Investment Management Co. LLC boosted 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 worth $4,342,000 after acquiring an additional 5,832 shares during the period. Finally, AJOVista LLC acquired a new stake in Lincoln Educational Services in the fourth quarter valued at approximately $67,000. 72.23% of the stock is owned by hedge funds and other 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.