Lincoln Educational Services Co. (NASDAQ:LINC) Stake Boosted by State Street Corp

State Street Corp boosted its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 440,136 shares of the company’s stock after buying an additional 12,938 shares during the period. State Street Corp owned about 1.40% of Lincoln Educational Services worth $5,255,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Lincoln Educational Services in the third quarter worth $121,000. The Manufacturers Life Insurance Company purchased a new position in Lincoln Educational Services during the 2nd quarter valued at about $123,000. Janus Henderson Group PLC acquired a new position in shares of Lincoln Educational Services in the 3rd quarter valued at about $144,000. Rhumbline Advisers lifted its position 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 purchasing an additional 10,095 shares in the last quarter. Finally, Weil Company Inc. boosted its holdings in shares of Lincoln Educational Services by 12.3% during the second quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock worth $488,000 after purchasing an additional 4,500 shares during the period. 72.23% of the stock is owned by hedge funds and other institutional investors.

Lincoln Educational Services Stock Performance

Shares of LINC opened at $15.42 on Monday. The firm has a market cap of $485.41 million, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The company’s fifty day moving average is $15.23 and its 200-day moving average is $13.25. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 12 month low of $8.91 and a 12 month high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. During the same period in the previous year, the company earned $0.11 earnings per share. Equities analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Lincoln Educational Services news, CFO Brian K. Meyers sold 6,892 shares of Lincoln Educational Services stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total value of $112,890.96. Following the transaction, the chief financial officer now directly owns 266,133 shares of the company’s stock, valued at $4,359,258.54. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $16.19, for a total value of $992,268.91. Following the completion of the sale, the insider now directly owns 425,544 shares of the company’s stock, valued at $6,889,557.36. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,002 shares of company stock worth $3,632,824. 16.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.