Lincoln Educational Services (NASDAQ:LINC) Share Price Passes Above 200-Day Moving Average – What’s Next?

Lincoln Educational Services Corporation (NASDAQ:LINC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.17 and traded as high as $27.77. Lincoln Educational Services shares last traded at $27.18, with a volume of 235,518 shares trading hands.

Analyst Ratings Changes

LINC has been the topic of a number of analyst reports. Griffin Securities set a $33.00 price objective on shares of Lincoln Educational Services in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Lincoln Educational Services in a research note on Thursday, January 22nd. B. Riley upped their price target on Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Northland Securities set a $28.00 price objective on Lincoln Educational Services in a report on Wednesday, January 7th. Finally, Wall Street Zen upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $29.00.

Lincoln Educational Services Price Performance

The stock has a 50 day moving average of $24.15 and a 200-day moving average of $22.17. 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 market cap of $859.43 million, a PE ratio of 60.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%.The business had revenue of $141.39 million for the quarter, compared to analyst estimates of $129.85 million. Equities analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Insider Activity at Lincoln Educational Services

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

Institutional Trading of Lincoln Educational Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Lincoln Educational Services by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,682,345 shares of the company’s stock worth $39,535,000 after purchasing an additional 58,582 shares during the period. Alyeska Investment Group L.P. increased its holdings in Lincoln Educational Services by 26.1% in the third quarter. Alyeska Investment Group L.P. now owns 1,449,605 shares of the company’s stock valued at $34,066,000 after buying an additional 300,000 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Lincoln Educational Services by 4.8% in the third quarter. Wasatch Advisors LP now owns 1,168,375 shares of the company’s stock worth $27,457,000 after acquiring an additional 53,281 shares during the period. Geode Capital Management LLC raised its position in shares of Lincoln Educational Services by 11.0% in the second quarter. Geode Capital Management LLC now owns 728,506 shares of the company’s stock worth $16,795,000 after acquiring an additional 71,973 shares during the period. Finally, Cannell Capital LLC boosted its stake in shares of Lincoln Educational Services by 248.6% during the 3rd quarter. Cannell Capital LLC now owns 576,505 shares of the company’s stock worth $13,548,000 after acquiring an additional 411,111 shares in the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

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.