Lincoln Educational Services (NASDAQ:LINC) Rating Lowered to “Hold” at Wall Street Zen

Lincoln Educational Services (NASDAQ:LINC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

LINC has been the topic of several other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Lincoln Educational Services in a research report on Thursday, January 22nd. B. Riley Financial boosted their price target on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Northland Securities set a $28.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Lincoln Educational Services from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Lincoln Educational Services in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lincoln Educational Services has a consensus rating of “Buy” and an average target price of $29.00.

Lincoln Educational Services Stock Performance

NASDAQ LINC opened at $26.13 on Friday. 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 company has a fifty day moving average price of $24.61 and a 200-day moving average price of $22.28. Lincoln Educational Services has a 1 year low of $14.10 and a 1 year high of $28.22. The firm has a market cap of $826.23 million, a price-to-earnings ratio of 58.07, a PEG ratio of 2.02 and a beta of 0.97.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. The business had revenue of $141.39 million during the quarter, compared to the consensus estimate of $129.85 million. As a group, equities research analysts predict that Lincoln Educational Services will post 0.54 EPS for the current fiscal 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 stock was sold at an average price of $22.18, for a total transaction of $307,547.88. Following the sale, the director directly owned 24,823 shares in the company, valued at approximately $550,574.14. The trade was a 35.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Lincoln Educational Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of Lincoln Educational Services by 135.8% in the second 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 in the last quarter. SG Capital Management LLC raised its holdings in shares of Lincoln Educational Services by 894.7% in the 2nd quarter. SG Capital Management LLC now owns 170,556 shares of the company’s stock valued at $3,931,000 after acquiring an additional 153,410 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 valued at $4,420,000 after acquiring an additional 46,913 shares in the last quarter. Archon Capital Management LLC bought a new stake in shares of Lincoln Educational Services during the 2nd quarter valued at about $692,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Lincoln Educational Services during the second quarter worth about $835,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

Lincoln Educational Services Company Profile

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.