Deutsche Bank AG Sells 15,704 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Deutsche Bank AG cut its holdings in Lincoln Educational Services Co. (NASDAQ:LINC) by 68.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,313 shares of the company’s stock after selling 15,704 shares during the quarter. Deutsche Bank AG’s holdings in Lincoln Educational Services were worth $116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Calamos Advisors LLC boosted its position in shares of Lincoln Educational Services by 38.7% in the 4th quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock worth $1,450,000 after purchasing an additional 25,560 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Lincoln Educational Services during the fourth quarter worth about $288,000. AMH Equity Ltd boosted its holdings in Lincoln Educational Services by 60.0% during the fourth quarter. AMH Equity Ltd now owns 80,000 shares of the company’s stock worth $1,266,000 after buying an additional 30,000 shares during the last quarter. Bailard Inc. boosted its holdings in Lincoln Educational Services by 24.5% during the fourth quarter. Bailard Inc. now owns 84,900 shares of the company’s stock worth $1,343,000 after buying an additional 16,693 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Lincoln Educational Services by 12.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,463 shares of the company’s stock worth $1,874,000 after buying an additional 13,099 shares during the last quarter. 72.23% of the stock is owned by institutional investors.

Lincoln Educational Services Stock Up 0.6%

Shares of LINC stock opened at $23.21 on Wednesday. Lincoln Educational Services Co. has a 12-month low of $10.06 and a 12-month high of $24.20. 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 firm has a fifty day moving average of $18.81 and a 200-day moving average of $17.08. The company has a market capitalization of $733.27 million, a price-to-earnings ratio of 72.53, a P/E/G ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC) last announced 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 during the quarter, compared to analyst estimates of $114.55 million. As a group, equities research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Lincoln Educational Services

In other news, Director Carlton Rose sold 30,000 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $23.63, for a total value of $708,900.00. Following the sale, the director now directly owns 15,295 shares in the company, valued at $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Burke, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $21.42, for a total transaction of $107,100.00. Following the completion of the sale, the director now directly owns 82,230 shares in the company, valued at approximately $1,761,366.60. This represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $1,030,000 over the last three months. Company insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on LINC shares. Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. Barrington Research lifted their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Lake Street Capital lifted their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Northland Securities assumed coverage on shares of Lincoln Educational Services in a research report on Thursday, April 24th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, B. Riley reiterated a “buy” rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Educational Services presently 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.