Northern Trust Corp Purchases 14,877 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Northern Trust Corp increased its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,988 shares of the company’s stock after purchasing an additional 14,877 shares during the period. Northern Trust Corp owned 0.75% of Lincoln Educational Services worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LINC. Invesco Ltd. raised its position in shares of Lincoln Educational Services by 485.7% during the 4th quarter. Invesco Ltd. now owns 295,032 shares of the company’s stock valued at $4,667,000 after purchasing an additional 244,657 shares during the period. Next Century Growth Investors LLC increased its holdings in Lincoln Educational Services by 17.9% in the 4th quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company’s stock valued at $10,507,000 after acquiring an additional 100,963 shares during the last quarter. Dauntless Investment Group LLC bought a new stake in Lincoln Educational Services in the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. increased its holdings in Lincoln Educational Services by 190.5% in the 4th quarter. JPMorgan Chase & Co. now owns 115,177 shares of the company’s stock valued at $1,822,000 after acquiring an additional 75,531 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Lincoln Educational Services by 28.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 291,814 shares of the company’s stock valued at $4,616,000 after acquiring an additional 64,954 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LINC has been the topic of a number of research reports. Northland Capmk upgraded shares of Lincoln Educational Services to a “strong-buy” rating in a report on Thursday, April 24th. Lake Street Capital lifted their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Rosenblatt Securities lifted their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. B. Riley reiterated a “buy” rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Finally, Northland Securities initiated coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They issued an “outperform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $24.60.

Insider Transactions at Lincoln Educational Services

In other news, Director James J. Burke, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the sale, the director now directly owns 82,230 shares in the company, valued at $1,761,366.60. The trade was a 5.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 13.60% of the company’s stock.

Lincoln Educational Services Stock Performance

Lincoln Educational Services stock opened at $21.42 on Friday. The company’s 50-day moving average price is $17.61 and its 200-day moving average price is $16.66. Lincoln Educational Services Co. has a twelve month low of $10.06 and a twelve month high of $22.27. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $676.72 million, a PE ratio of 66.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. On average, equities research analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

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.