Herr Investment Group LLC Sells 6,442 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Herr Investment Group LLC lessened its stake in Lincoln Educational Services Co. (NASDAQ:LINC) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,349,295 shares of the company’s stock after selling 6,442 shares during the period. Lincoln Educational Services accounts for approximately 1.9% of Herr Investment Group LLC’s portfolio, making the stock its 3rd largest position. Herr Investment Group LLC owned approximately 7.47% of Lincoln Educational Services worth $27,863,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in shares of Lincoln Educational Services by 25.4% in the 2nd 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. Vanguard Group Inc. increased its holdings in shares of Lincoln Educational Services by 11.3% in 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. Pullen Investment Management LLC purchased a new stake in Lincoln Educational Services in the 1st quarter valued at $1,259,000. Renaissance Technologies LLC raised its position in Lincoln Educational Services by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after purchasing an additional 72,400 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new stake in Lincoln Educational Services during the 2nd quarter worth $612,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $12.58 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78. The business’s fifty day moving average price is $12.55 and its two-hundred day moving average price is $11.44. The stock has a market cap of $395.57 million, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.42. Lincoln Educational Services Co. has a one year low of $7.88 and a one year high of $14.52.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $102.91 million for the quarter, compared to analyst estimates of $99.60 million. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. On average, analysts forecast that Lincoln Educational Services Co. will post 0.51 EPS for the current fiscal year.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the business’s 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 directly owns 876,410 shares of the company’s stock, valued at approximately $10,534,448.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 40,819 shares of company stock worth $490,481 in the last three months. Company insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LINC shares. Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Barrington Research reiterated an “outperform” rating and set a $16.00 price target on shares of Lincoln Educational Services in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

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.