Strs Ohio Reduces Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Strs Ohio lowered its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,400 shares of the company’s stock after selling 3,400 shares during the quarter. Strs Ohio owned about 0.06% of Lincoln Educational Services worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Lincoln Educational Services by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock valued at $1,114,000 after purchasing an additional 1,239 shares during the period. SG Americas Securities LLC grew its holdings in shares of Lincoln Educational Services by 31.1% in the fourth quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after purchasing an additional 3,182 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lincoln Educational Services in the third quarter valued at about $65,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Lincoln Educational Services by 157.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,251 shares of the company’s stock valued at $306,000 after purchasing an additional 22,193 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Lincoln Educational Services in the third quarter valued at about $221,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a report on Monday. B. Riley reaffirmed a “buy” rating and set a $14.00 target price (up previously from $12.00) on shares of Lincoln Educational Services in a research note on Thursday, March 21st. StockNews.com raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $12.00 target price on shares of Lincoln Educational Services in a research note on Tuesday, February 13th.

Insider Transactions at Lincoln Educational Services

In other news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the sale, the executive vice president now owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the sale, the executive vice president now owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Barry Morrow sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares in the company, valued at approximately $1,238,942.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 583,692 shares of company stock valued at $5,858,793. 16.80% of the stock is currently owned by corporate insiders.

Lincoln Educational Services Stock Up 1.4 %

Shares of LINC opened at $10.66 on Wednesday. The stock has a market capitalization of $335.26 million, a PE ratio of 12.40, a P/E/G ratio of 1.64 and a beta of 1.34. Lincoln Educational Services Co. has a 1 year low of $5.44 and a 1 year high of $10.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.79 and a current ratio of 1.83. The company’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $9.59.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $102.52 million for the quarter, compared to analysts’ expectations of $97.78 million. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. During the same quarter in the prior year, the company earned $0.32 earnings per share. Analysts forecast that Lincoln Educational Services Co. will post 0.41 earnings per share for the current fiscal 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.