Lincoln Educational Services (NASDAQ:LINC) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other research analysts have also weighed in on LINC. B. Riley lifted their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, August 9th. Lake Street Capital boosted their target price on Lincoln Educational Services from $14.00 to $15.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Finally, Barrington Research reissued an outperform rating and set a $16.00 price objective on shares of Lincoln Educational Services in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $15.75.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $12.45 on Tuesday. The firm has a market cap of $391.48 million, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18. Lincoln Educational Services has a 1-year low of $7.88 and a 1-year high of $14.52. The business’s 50 day moving average is $12.44 and its 200-day moving average is $11.22.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. Lincoln Educational Services had a return on equity of 9.79% and a net margin of 6.57%. The company had revenue of $102.91 million for the quarter, compared to analyst estimates of $99.60 million. Equities research analysts predict that Lincoln Educational Services will post 0.48 earnings per share for the current year.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 17,031 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $12.01, for a total value of $204,542.31. Following the sale, the insider now owns 935,937 shares of the company’s stock, valued at $11,240,603.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 40,819 shares of company stock worth $490,481 in the last 90 days. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of Lincoln Educational Services by 13.9% in the 4th quarter. First Eagle Investment Management LLC now owns 539,776 shares of the company’s stock worth $5,419,000 after buying an additional 65,982 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lincoln Educational Services by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after acquiring an additional 136,334 shares during the period. Secure Asset Management LLC bought a new position in Lincoln Educational Services during the 2nd quarter worth approximately $612,000. Calamos Advisors LLC bought a new stake in Lincoln Educational Services in the second quarter valued at approximately $576,000. Finally, AJOVista LLC purchased a new stake in shares of Lincoln Educational Services during the fourth quarter valued at approximately $67,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.