Lincoln Educational Services Co. (NASDAQ:LINC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,146 shares of the company’s stock after selling 4,500 shares during the quarter. Private Advisor Group LLC owned 0.43% of Lincoln Educational Services worth $1,602,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LINC. Gladius Capital Management LP acquired a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets increased its position in Lincoln Educational Services by 60.2% during the 1st 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Lincoln Educational Services during the 3rd quarter worth approximately $121,000. The Manufacturers Life Insurance Company acquired a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $123,000. Finally, Rhumbline Advisers boosted 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 Performance

Lincoln Educational Services stock opened at $13.38 on Thursday. The stock has a market cap of $421.14 million, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. 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 stock has a 50 day moving average of $12.22 and a 200-day moving average of $11.88. Lincoln Educational Services Co. has a 52 week low of $8.40 and a 52 week high of $14.52.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company 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%. On average, analysts expect that Lincoln Educational Services Co. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LINC has been the subject of a number of analyst reports. Rosenblatt Securities upped their price target on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of Lincoln Educational Services in a report on Friday, September 20th. Finally, StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report 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 target price of $15.75.

Insider Activity

In other news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.04, for a total transaction of $27,330.80. Following the completion of the transaction, the insider now directly owns 874,140 shares in the company, valued at approximately $10,524,645.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 40,819 shares of company stock worth $490,481. 16.80% of the stock is currently owned by insiders.

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.