Lincoln Educational Services Co. (NASDAQ:LINC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Lincoln Educational Services Co. (NASDAQ:LINC) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 636,160 shares of the company’s stock after purchasing an additional 11,650 shares during the quarter. Geode Capital Management LLC owned approximately 2.02% of Lincoln Educational Services worth $7,598,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Lincoln Educational Services by 19.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 97,580 shares of the company’s stock valued at $1,157,000 after buying an additional 15,920 shares during the period. Rhumbline Advisers grew its holdings in shares of Lincoln Educational Services by 36.0% during the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after purchasing an additional 10,095 shares during the last quarter. Weil Company Inc. grew its holdings in shares of Lincoln Educational Services by 12.3% during the second quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock valued at $488,000 after purchasing an additional 4,500 shares during the last quarter. American Century Companies Inc. raised its position in shares of Lincoln Educational Services by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 118,177 shares of the company’s stock worth $1,402,000 after purchasing an additional 20,127 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Lincoln Educational Services by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock worth $11,509,000 after purchasing an additional 50,737 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LINC shares. B. Riley increased their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barrington Research boosted their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $15.27 on Friday. The stock has a market cap of $480.68 million, a P/E ratio of 47.72, a P/E/G ratio of 1.98 and a beta of 1.47. The firm’s 50-day simple moving average is $15.49 and its 200 day simple moving average is $13.35. Lincoln Educational Services Co. has a fifty-two week low of $8.91 and a fifty-two week high of $18.74. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same period in the prior year, the company posted $0.11 earnings per share. Equities analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Insider Activity

In other news, CFO Brian K. Meyers sold 6,892 shares of Lincoln Educational Services stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.38, for a total value of $112,890.96. Following the transaction, the chief financial officer now owns 266,133 shares of the company’s stock, valued at $4,359,258.54. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Chad D. Nyce sold 9,977 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.50, for a total transaction of $164,620.50. Following the completion of the sale, the executive vice president now owns 144,669 shares in the company, valued at $2,387,038.50. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,002 shares of company stock worth $3,632,824. 16.80% of the stock is owned by company insiders.

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.