Lincoln Educational Services Co. (NASDAQ:LINC) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,935 shares of the company’s stock after purchasing an additional 2,545 shares during the period. Charles Schwab Investment Management Inc. owned 0.24% of Lincoln Educational Services worth $895,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Lincoln Educational Services in the third quarter worth $121,000. The Manufacturers Life Insurance Company bought a new position in shares of Lincoln Educational Services in the second quarter valued at approximately $123,000. Rhumbline Advisers lifted its stake in shares of Lincoln Educational Services by 36.0% in the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock worth $453,000 after buying an additional 10,095 shares during the last quarter. Weil Company Inc. boosted its holdings in shares of Lincoln Educational Services by 12.3% during the 2nd quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock worth $488,000 after buying an additional 4,500 shares during the period. Finally, Calamos Advisors LLC bought a new position in Lincoln Educational Services in the 2nd quarter worth $576,000. Institutional investors own 72.23% of the company’s stock.

Insider Buying and Selling at Lincoln Educational Services

In other news, Director Michael A. Plater sold 10,471 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.41, for a total transaction of $161,358.11. Following the sale, the director now owns 31,608 shares in the company, valued at approximately $487,079.28. This represents a 24.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Meyers sold 6,892 shares of Lincoln Educational Services stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $16.38, for a total value of $112,890.96. Following the completion of the transaction, the chief financial officer now directly owns 266,133 shares of the company’s stock, valued at $4,359,258.54. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,002 shares of company stock valued at $3,632,824. 16.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LINC has been the subject of several research analyst reports. Barrington Research boosted their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley raised their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $16.04 on Wednesday. The firm has a market capitalization of $504.92 million, a PE ratio of 50.38, a PEG ratio of 2.02 and a beta of 1.47. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 1-year low of $8.91 and a 1-year high of $18.74. The business’s 50 day moving average is $14.65 and its 200-day moving average is $12.96.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same quarter in the prior year, the company posted $0.11 earnings per share. Sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

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.