Lincoln Educational Services (NASDAQ:LINC) Rating Lowered to Hold at StockNews.com

Lincoln Educational Services (NASDAQ:LINCGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Rosenblatt Securities increased their price objective on Lincoln Educational Services from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.

Check Out Our Latest Stock Report on Lincoln Educational Services

Lincoln Educational Services Stock Up 0.8 %

Shares of LINC stock opened at $10.11 on Wednesday. The stock has a fifty day moving average of $9.49 and a 200 day moving average of $8.91. Lincoln Educational Services has a 52 week low of $5.05 and a 52 week high of $10.35. The firm has a market capitalization of $317.05 million, a price-to-earnings ratio of 11.11, a PEG ratio of 1.08 and a beta of 1.34.

Lincoln Educational Services (NASDAQ:LINCGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Lincoln Educational Services had a return on equity of 9.93% and a net margin of 7.56%. The company had revenue of $99.62 million during the quarter, compared to analyst estimates of $95.29 million. Equities research analysts anticipate that Lincoln Educational Services will post 0.43 earnings per share for the current year.

Insider Activity

In other news, Director James J. Burke, Jr. sold 3,942 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $9.61, for a total transaction of $37,882.62. Following the completion of the transaction, the director now directly owns 100,420 shares in the company, valued at $965,036.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 29.30% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC bought a new position in shares of Lincoln Educational Services during the second quarter valued at $33,000. California State Teachers Retirement System bought a new stake in Lincoln Educational Services in the 2nd quarter worth about $53,000. BNP Paribas Arbitrage SNC bought a new stake in Lincoln Educational Services in the 2nd quarter worth about $55,000. Allspring Global Investments Holdings LLC bought a new stake in Lincoln Educational Services in the 3rd quarter worth about $65,000. Finally, AJOVista LLC bought a new stake in Lincoln Educational Services in the 4th quarter worth about $67,000. 72.65% of the stock is currently owned by institutional investors.

About Lincoln Educational Services

(Get Free Report)

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: Transportation and Skilled Trades, and Healthcare and Other Professions.

Further Reading

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