JPMorgan Chase & Co. Boosts Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

JPMorgan Chase & Co. lifted its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 248.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,646 shares of the company’s stock after buying an additional 28,275 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Lincoln Educational Services worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Lincoln Educational Services in the 3rd quarter valued at approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Lincoln Educational Services in the 2nd quarter worth about $123,000. Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services in the 3rd quarter worth about $144,000. Barclays PLC boosted its stake in Lincoln Educational Services by 259.0% during the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after acquiring an additional 24,688 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Lincoln Educational Services by 63.6% in the third quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after purchasing an additional 14,913 shares during the period. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LINC. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barrington Research increased their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, B. Riley lifted their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

Lincoln Educational Services Stock Up 1.5 %

Lincoln Educational Services stock opened at $15.88 on Wednesday. The stock has a fifty day moving average of $15.78 and a 200 day moving average of $13.89. Lincoln Educational Services Co. has a one year low of $8.91 and a one year high of $18.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The stock has a market cap of $499.90 million, a PE ratio of 49.63, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results 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 business had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same quarter in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $16.19, for a total transaction of $992,268.91. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Plater sold 10,471 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.41, for a total transaction of $161,358.11. Following the completion of the transaction, the director now directly owns 31,608 shares of the company’s stock, valued at approximately $487,079.28. This trade represents a 24.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 223,002 shares of company stock worth $3,632,824 over the last three months. 16.80% of the stock is currently owned by company insiders.

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.