Lincoln Educational Services (NASDAQ:LINC) Shares Cross Above 200 Day Moving Average – What’s Next?

Lincoln Educational Services Corporation (NASDAQ:LINC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.82 and traded as high as $25.60. Lincoln Educational Services shares last traded at $25.16, with a volume of 274,490 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Lincoln Educational Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln Educational Services in a research note on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 target price on shares of Lincoln Educational Services in a research note on Monday, December 1st. Northland Securities set a $28.00 target price on Lincoln Educational Services in a research note on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.20.

Lincoln Educational Services Price Performance

The company has a market cap of $795.56 million, a price-to-earnings ratio of 55.91, a PEG ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 0.81. The company has a 50-day simple moving average of $22.34 and a 200-day simple moving average of $21.82.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. The business had revenue of $141.39 million during the quarter, compared to the consensus estimate of $129.85 million. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%. As a group, research analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Kevin M. Carney sold 13,866 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $22.18, for a total value of $307,547.88. Following the transaction, the director directly owned 24,823 shares in the company, valued at $550,574.14. This trade represents a 35.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Lincoln Educational Services in the 1st quarter worth approximately $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Lincoln Educational Services by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,657 shares of the company’s stock valued at $248,000 after acquiring an additional 681 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Lincoln Educational Services by 1.9% during the 1st quarter. Empowered Funds LLC now owns 47,648 shares of the company’s stock valued at $756,000 after purchasing an additional 879 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Lincoln Educational Services by 58.4% during the 1st quarter. Acadian Asset Management LLC now owns 61,425 shares of the company’s stock valued at $973,000 after purchasing an additional 22,643 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Lincoln Educational Services in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 72.23% of the company’s stock.

About Lincoln Educational Services

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.