Lincoln Educational Services Co. (NASDAQ:LINC) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,456 shares of the company’s stock after acquiring an additional 1,859 shares during the quarter. MetLife Investment Management LLC’s holdings in Lincoln Educational Services were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LINC. Summit Investment Advisors Inc. raised its stake in Lincoln Educational Services by 39.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock valued at $43,000 after purchasing an additional 775 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Lincoln Educational Services by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company’s stock valued at $242,000 after buying an additional 3,338 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Lincoln Educational Services in the fourth quarter worth about $288,000. Trexquant Investment LP acquired a new position in Lincoln Educational Services during the fourth quarter worth about $382,000. Finally, Barclays PLC grew its stake in Lincoln Educational Services by 259.0% during the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after acquiring an additional 24,688 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock opened at $18.70 on Thursday. The firm has a market cap of $590.63 million, a PE ratio of 58.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. 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 Co. has a 52 week low of $10.06 and a 52 week high of $19.79. The business’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $16.04.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The company had revenue of $119.37 million during the quarter, compared to analyst estimates of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. Equities analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of Lincoln Educational Services in a report on Wednesday, March 26th. Rosenblatt Securities lifted their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Northland Securities initiated coverage on Lincoln Educational Services in a report on Thursday, April 24th. They issued an “outperform” rating and a $24.00 target price for the company. Northland Capmk raised shares of Lincoln Educational Services to a “strong-buy” rating in a research report on Thursday, April 24th. Finally, B. Riley assumed coverage on shares of Lincoln Educational Services in a research report on Friday, March 28th. They set a “buy” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.25.

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.