Lincoln Educational Services (NASDAQ:LINC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Lincoln Educational Services Co. (NASDAQ:LINC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.19 and traded as high as $15.76. Lincoln Educational Services shares last traded at $15.42, with a volume of 130,326 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barrington Research upped their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 11th. B. Riley increased their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Lincoln Educational Services Stock Down 2.4 %

The business’s fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $13.24. The company has a market cap of $485.41 million, a PE ratio of 48.19, a PEG ratio of 1.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Insider Activity

In other news, Director Michael A. Plater sold 10,471 shares of Lincoln Educational Services stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.41, for a total value of $161,358.11. Following the sale, the director now directly owns 31,608 shares of the company’s stock, valued at $487,079.28. The trade was a 24.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Meyers sold 8,939 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $15.26, for a total value of $136,409.14. Following the completion of the transaction, the chief financial officer now directly owns 233,810 shares of the company’s stock, valued at approximately $3,567,940.60. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 223,002 shares of company stock worth $3,632,824 in the last quarter. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in Lincoln Educational Services by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after acquiring an additional 72,400 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Lincoln Educational Services by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock valued at $895,000 after purchasing an additional 2,545 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Lincoln Educational Services during the second quarter worth approximately $123,000. Finally, Auxier Asset Management boosted its stake in Lincoln Educational Services by 2.1% during the second quarter. Auxier Asset Management now owns 238,324 shares of the company’s stock worth $2,827,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

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.