Lincoln Educational Services (NASDAQ:LINC) Price Target Increased to $15.00 by Analysts at B. Riley

Lincoln Educational Services (NASDAQ:LINC) had its price objective boosted by B. Riley from $14.00 to $15.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

LINC has been the topic of a number of other reports. Lake Street Capital lifted their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a buy rating in a research note on Tuesday. Rosenblatt Securities restated a buy rating and set a $13.50 price target on shares of Lincoln Educational Services in a research report on Monday, April 29th. Barrington Research increased their price objective on shares of Lincoln Educational Services from $13.00 to $14.00 and gave the company an outperform rating in a report on Monday. Finally, StockNews.com raised Lincoln Educational Services from a hold rating to a buy rating in a report on Saturday, March 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Lincoln Educational Services currently has an average rating of Buy and a consensus target price of $14.38.

Lincoln Educational Services Trading Down 2.7 %

Lincoln Educational Services stock opened at $11.90 on Tuesday. Lincoln Educational Services has a 52-week low of $5.70 and a 52-week high of $13.03. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $374.26 million, a price-to-earnings ratio of 13.84, a PEG ratio of 1.80 and a beta of 1.33. The firm has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $9.70.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data 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. Lincoln Educational Services had a return on equity of 9.63% and a net margin of 6.88%. The business had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. During the same period in the previous year, the firm posted $0.32 earnings per share. Sell-side analysts expect that Lincoln Educational Services will post 0.41 earnings per share for the current year.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services 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 transaction, the executive vice president now owns 154,646 shares in the company, valued at $1,549,552.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $9.97, for a total value of $2,861,360.09. Following the completion of the sale, the insider now owns 996,811 shares in the company, valued at $9,938,205.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the transaction, the executive vice president now directly owns 154,646 shares in the company, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. Insiders sold a total of 583,692 shares of company stock valued at $5,858,793 over the last ninety days. Insiders own 16.80% of the company’s stock.

Institutional Trading of Lincoln Educational Services

Several hedge funds and other institutional investors have recently modified their holdings of LINC. First Eagle Investment Management LLC lifted its holdings in shares of Lincoln Educational Services by 12.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock valued at $4,004,000 after buying an additional 51,534 shares during the last quarter. SG Americas Securities LLC grew its stake in Lincoln Educational Services by 31.1% in the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after buying an additional 3,182 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Lincoln Educational Services in the third quarter worth about $65,000. Strs Ohio acquired a new position in shares of Lincoln Educational Services during the 3rd quarter worth about $192,000. Finally, Bank of New York Mellon Corp boosted its stake in Lincoln Educational Services by 0.9% during the 3rd 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. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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.