Lincoln Educational Services Corporation (NASDAQ:LINC) Given Consensus Recommendation of “Buy” by Brokerages

Lincoln Educational Services Corporation (NASDAQ:LINC) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.00.

LINC has been the topic of several recent research reports. Griffin Securities set a $33.00 price target on Lincoln Educational Services in a report on Tuesday, January 27th. Zacks Research cut shares of Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. B. Riley Financial increased their target price on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded shares of Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, Northland Securities set a $28.00 price target on shares of Lincoln Educational Services in a report on Wednesday, January 7th.

Insider Activity

In other news, Director Kevin M. Carney sold 13,866 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $22.18, for a total transaction of $307,547.88. Following the transaction, the director owned 24,823 shares of the company’s stock, valued at approximately $550,574.14. This represents a 35.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lincoln Educational Services

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake in Lincoln Educational Services by 135.8% in the 2nd quarter. Acadian Asset Management LLC now owns 144,851 shares of the company’s stock worth $3,337,000 after buying an additional 83,426 shares during the period. SG Capital Management LLC grew its stake in Lincoln Educational Services by 894.7% in the 2nd quarter. SG Capital Management LLC now owns 170,556 shares of the company’s stock worth $3,931,000 after acquiring an additional 153,410 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Lincoln Educational Services by 32.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 191,759 shares of the company’s stock worth $4,420,000 after acquiring an additional 46,913 shares in the last quarter. Archon Capital Management LLC purchased a new position in shares of Lincoln Educational Services during the second quarter worth approximately $692,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Lincoln Educational Services during the second quarter valued at approximately $835,000. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Trading Up 4.3%

Shares of NASDAQ LINC opened at $30.13 on Wednesday. Lincoln Educational Services has a 1-year low of $14.10 and a 1-year high of $30.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.81 and a quick ratio of 0.77. The business’s 50 day moving average is $25.46 and its two-hundred day moving average is $22.53. The stock has a market capitalization of $952.71 million, a P/E ratio of 66.96, a PEG ratio of 2.29 and a beta of 0.97.

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.