Bank of New York Mellon Corp Decreases Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Bank of New York Mellon Corp lessened its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,556 shares of the company’s stock after selling 5,873 shares during the quarter. Bank of New York Mellon Corp owned about 0.23% of Lincoln Educational Services worth $1,132,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Lincoln Educational Services by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock valued at $895,000 after acquiring an additional 2,545 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lincoln Educational Services by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock valued at $1,258,000 after purchasing an additional 10,081 shares during the period. Geode Capital Management LLC increased its position in shares of Lincoln Educational Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock valued at $7,598,000 after purchasing an additional 11,650 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services in the 3rd quarter worth approximately $144,000. Finally, State Street Corp boosted its holdings in shares of Lincoln Educational Services by 3.0% in the third quarter. State Street Corp now owns 440,136 shares of the company’s stock worth $5,255,000 after buying an additional 12,938 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $15.78 on Tuesday. The company has a market capitalization of $498.54 million, a P/E ratio of 49.31, a P/E/G ratio of 1.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The firm’s 50 day simple moving average is $16.52 and its two-hundred day simple moving average is $15.00. Lincoln Educational Services Co. has a 1-year low of $9.51 and a 1-year high of $19.79.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $119.37 million for the quarter, compared to the consensus estimate of $110.50 million. Research analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LINC has been the subject of a number of research reports. Rosenblatt Securities upped their target price on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barrington Research restated an “outperform” rating and issued a $20.00 price objective on shares of Lincoln Educational Services in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

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.