Acadian Asset Management LLC Reduces Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Acadian Asset Management LLC cut its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,264 shares of the company’s stock after selling 11,410 shares during the period. Acadian Asset Management LLC owned approximately 0.33% of Lincoln Educational Services worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LINC. New York State Common Retirement Fund boosted its position in shares of Lincoln Educational Services by 1,513.5% during the fourth quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after buying an additional 8,067 shares during the last quarter. Trexquant Investment LP boosted its position in Lincoln Educational Services by 91.1% in the fourth quarter. Trexquant Investment LP now owns 53,154 shares of the company’s stock worth $534,000 after purchasing an additional 25,333 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares during the last quarter. Pullen Investment Management LLC purchased a new position in Lincoln Educational Services in the first quarter worth about $1,259,000. Finally, Essex Investment Management Co. LLC boosted its position in Lincoln Educational Services by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock worth $4,342,000 after purchasing an additional 5,832 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LINC has been the topic of several research reports. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Rosenblatt Securities lifted their price objective 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Lincoln Educational Services in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and an average target price of $15.75.

Insider Activity at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 17,031 shares of Lincoln Educational Services stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.01, for a total transaction of $204,542.31. Following the sale, the insider now owns 935,937 shares of the company’s stock, valued at approximately $11,240,603.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 40,819 shares of company stock valued at $490,481. 16.80% of the stock is owned by company insiders.

Lincoln Educational Services Stock Up 2.7 %

Shares of LINC opened at $12.41 on Monday. The business’s 50 day moving average is $12.51 and its 200 day moving average is $11.38. The company has a market capitalization of $390.22 million, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.42. Lincoln Educational Services Co. has a 12-month low of $7.88 and a 12-month high of $14.52. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last issued its 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. The company had revenue of $102.91 million for the quarter, compared to the consensus estimate of $99.60 million. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. Research analysts expect that Lincoln Educational Services Co. will post 0.51 earnings per share for the current fiscal year.

Lincoln Educational Services 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.