Lincoln Educational Services (NASDAQ:LINC) Shares Gap Up on Analyst Upgrade

Lincoln Educational Services Co. (NASDAQ:LINC)’s share price gapped up prior to trading on Monday after Barrington Research raised their price target on the stock from $16.00 to $20.00. The stock had previously closed at $16.20, but opened at $18.00. Barrington Research currently has an outperform rating on the stock. Lincoln Educational Services shares last traded at $16.34, with a volume of 91,726 shares.

Several other research analysts have also issued reports on the stock. B. Riley lifted their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of Lincoln Educational Services stock in a transaction on Friday, August 16th. The shares were sold at an average price of $12.02, for a total transaction of $235,724.22. Following the completion of the sale, the insider now owns 876,410 shares of the company’s stock, valued at $10,534,448.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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 modified their holdings of LINC. Gladius Capital Management LP bought a new position in Lincoln Educational Services in the 2nd quarter worth $33,000. BNP Paribas Financial Markets raised its holdings in Lincoln Educational Services by 60.2% in the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after acquiring an additional 4,217 shares during the period. SG Americas Securities LLC bought a new position in Lincoln Educational Services in the 3rd quarter worth $121,000. The Manufacturers Life Insurance Company bought a new position in Lincoln Educational Services in the 2nd quarter worth $123,000. Finally, Rhumbline Advisers raised its holdings in Lincoln Educational Services by 36.0% in the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock worth $453,000 after acquiring an additional 10,095 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

Lincoln Educational Services Stock Up 0.7 %

The stock has a market cap of $532.01 million, a P/E ratio of 52.81, a P/E/G ratio of 2.19 and a beta of 1.41. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $12.71 and its 200 day moving average is $12.23.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a return on equity of 10.68% and a net margin of 2.33%. During the same quarter last year, the business earned $0.11 EPS. As a group, equities research analysts forecast that Lincoln Educational Services Co. will post 0.51 EPS for the current year.

About Lincoln Educational Services

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.