The Manufacturers Life Insurance Company Invests $123,000 in Lincoln Educational Services Co. (NASDAQ:LINC)

The Manufacturers Life Insurance Company bought a new position in Lincoln Educational Services Co. (NASDAQ:LINC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,407 shares of the company’s stock, valued at approximately $123,000.

A number of other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted 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 worth $9,119,000 after purchasing an additional 155,754 shares in the last quarter. Vanguard Group Inc. lifted its position in Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after buying an additional 136,334 shares during the last quarter. Pullen Investment Management LLC purchased a new stake in Lincoln Educational Services in the first quarter worth approximately $1,259,000. Herr Investment Group LLC grew its position in Lincoln Educational Services by 3.9% during the first quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock valued at $24,335,000 after acquiring an additional 88,335 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Lincoln Educational Services by 12.6% during the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after acquiring an additional 72,400 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $12.02, for a total value of $235,724.22. Following the completion of the transaction, the insider now directly owns 876,410 shares in the company, valued at approximately $10,534,448.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 40,819 shares of company stock worth $490,481 over the last quarter. Corporate insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LINC. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Lincoln Educational Services in a research note on Friday, September 20th. Rosenblatt Securities boosted their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Lincoln Educational Services Stock Performance

Lincoln Educational Services stock opened at $12.90 on Monday. 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 has a market cap of $405.63 million, a P/E ratio of 15.18, a P/E/G ratio of 1.56 and a beta of 1.42. Lincoln Educational Services Co. has a 1-year low of $7.88 and a 1-year high of $14.52. The firm has a 50-day moving average of $12.12 and a 200-day moving average of $11.75.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $102.91 million during the quarter, compared to analysts’ expectations of $99.60 million. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. Sell-side analysts expect that Lincoln Educational Services Co. will post 0.51 EPS for the current year.

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.