Quadrature Capital Ltd Sells 6,313 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Quadrature Capital Ltd reduced its stake in Lincoln Educational Services Co. (NASDAQ:LINC) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,690 shares of the company’s stock after selling 6,313 shares during the quarter. Quadrature Capital Ltd owned about 0.06% of Lincoln Educational Services worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in 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 valued at $5,419,000 after acquiring an additional 65,982 shares in the last quarter. Trexquant Investment LP lifted its position in Lincoln Educational Services by 91.1% in the 4th quarter. Trexquant Investment LP now owns 53,154 shares of the company’s stock valued at $534,000 after acquiring an additional 25,333 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lincoln Educational Services by 157.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,251 shares of the company’s stock valued at $306,000 after acquiring an additional 22,193 shares in the last quarter. New York State Common Retirement Fund lifted its position in Lincoln Educational Services by 1,513.5% in the 4th quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after acquiring an additional 8,067 shares in the last quarter. Finally, AJOVista LLC bought a new position in Lincoln Educational Services in the 4th quarter valued at approximately $67,000. 72.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LINC has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Lincoln Educational Services in a research report on Monday. Lake Street Capital boosted their target price on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. B. Riley boosted their target price on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $13.50 target price on shares of Lincoln Educational Services in a research note on Monday, April 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and an average target price of $14.38.

Lincoln Educational Services Stock Up 1.0 %

LINC opened at $11.50 on Friday. The firm has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $10.26. Lincoln Educational Services Co. has a 52 week low of $5.99 and a 52 week high of $13.05. The company has a market capitalization of $361.56 million, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.52 and a beta of 1.32. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.18.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, May 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Lincoln Educational Services had a net margin of 6.57% and a return on equity of 9.79%. The business had revenue of $103.37 million during the quarter, compared to the consensus estimate of $97.30 million. Analysts forecast that Lincoln Educational Services Co. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Juniper Investment Company, Ll sold 25,010 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $11.75, for a total transaction of $293,867.50. Following the transaction, the insider now directly owns 246,299 shares of the company’s stock, valued at $2,894,013.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

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.