Ameriprise Financial Inc. Has $749,000 Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Ameriprise Financial Inc. raised its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,359 shares of the company’s stock after buying an additional 10,108 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of Lincoln Educational Services worth $749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its holdings in shares of Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock worth $43,000 after purchasing an additional 775 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lincoln Educational Services during the 4th quarter worth $135,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Lincoln Educational Services during the 4th quarter worth $171,000. Wells Fargo & Company MN grew its holdings in shares of Lincoln Educational Services by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 15,326 shares of the company’s stock worth $242,000 after purchasing an additional 3,338 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Lincoln Educational Services by 13.7% during the 4th quarter. MetLife Investment Management LLC now owns 15,456 shares of the company’s stock worth $245,000 after purchasing an additional 1,859 shares in the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lincoln Educational Services

In other news, Director James J. Burke, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $21.40, for a total transaction of $214,000.00. Following the completion of the transaction, the director now directly owns 87,230 shares in the company, valued at $1,866,722. This trade represents a 10.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carlton Rose sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $23.63, for a total value of $708,900.00. Following the transaction, the director now owns 15,295 shares of the company’s stock, valued at $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock worth $1,030,000. 13.60% of the stock is currently owned by insiders.

Lincoln Educational Services Price Performance

Lincoln Educational Services stock opened at $23.08 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $729.17 million, a PE ratio of 72.13, a P/E/G ratio of 1.70 and a beta of 1.63. Lincoln Educational Services Co. has a 12 month low of $10.06 and a 12 month high of $24.20. The stock has a 50-day moving average price of $18.66 and a two-hundred day moving average price of $17.04.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. Analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Northland Securities initiated coverage on Lincoln Educational Services in a report on Thursday, April 24th. They set an “outperform” rating and a $24.00 target price on the stock. B. Riley reaffirmed a “buy” rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Lake Street Capital raised their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Barrington Research raised their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Finally, Rosenblatt Securities raised their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. One research 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.60.

Lincoln Educational Services 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.