Lincoln Educational Services (NASDAQ:LINC) Downgraded to Hold Rating by Wall Street Zen

Lincoln Educational Services (NASDAQ:LINC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other analysts have also issued reports on LINC. Barrington Research boosted their price target on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday. Northland Securities set a $28.00 price objective on shares of Lincoln Educational Services in a report on Wednesday, January 7th. Griffin Securities set a $33.00 target price on shares of Lincoln Educational Services in a research note on Tuesday, January 27th. B. Riley Financial increased their target price 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. Finally, Weiss Ratings upgraded shares of Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $30.00.

Lincoln Educational Services Stock Down 3.6%

Shares of NASDAQ LINC opened at $29.99 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $25.94 and its two-hundred day moving average is $22.68. Lincoln Educational Services has a 52-week low of $14.10 and a 52-week high of $31.49. The firm has a market cap of $948.28 million, a price-to-earnings ratio of 66.65, a PEG ratio of 2.38 and a beta of 0.97.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of Lincoln Educational Services stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $22.18, for a total transaction of $307,547.88. Following the completion of the sale, the director directly owned 24,823 shares of the company’s stock, valued at $550,574.14. The trade was a 35.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Educational Services

Several institutional investors have recently added to or reduced their stakes in LINC. State of Alaska Department of Revenue acquired a new stake in Lincoln Educational Services during the third quarter worth approximately $35,000. Royal Bank of Canada grew its position in shares of Lincoln Educational Services by 246.7% in the 4th quarter. Royal Bank of Canada now owns 1,536 shares of the company’s stock valued at $38,000 after buying an additional 1,093 shares during the last quarter. Strs Ohio purchased a new position in shares of Lincoln Educational Services in the 1st quarter valued at $48,000. Stanley Laman Group Ltd. acquired a new stake in Lincoln Educational Services during the 3rd quarter worth $49,000. Finally, State of Wyoming purchased a new stake in Lincoln Educational Services in the third quarter valued at $54,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.