Lincoln Educational Services (NASDAQ:LINC) PT Raised to $15.00

Lincoln Educational Services (NASDAQ:LINC) had its price objective raised by stock analysts at Lake Street Capital from $14.00 to $15.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 19.52% from the company’s current price.

Several other research firms have also issued reports on LINC. StockNews.com upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. B. Riley reaffirmed a “buy” rating and issued a $14.00 target price (up previously from $12.00) on shares of Lincoln Educational Services in a report on Thursday, March 21st. Rosenblatt Securities reissued a “buy” rating and set a $13.50 price target on shares of Lincoln Educational Services in a report on Monday, April 29th. Finally, Barrington Research raised their price objective on Lincoln Educational Services from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.38.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $12.55 on Tuesday. The business has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $9.72. The stock has a market capitalization of $394.70 million, a PE ratio of 14.59, a P/E/G ratio of 1.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. Lincoln Educational Services has a fifty-two week low of $5.70 and a fifty-two week high of $13.03.

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

Insider Transactions at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the sale, the insider now owns 1,436,631 shares of the company’s stock, valued at approximately $14,553,072.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Lincoln Educational Services news, EVP Chad D. Nyce sold 26,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 154,646 shares in the company, valued at approximately $1,549,552.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 169,592 shares of Lincoln Educational Services stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the transaction, the insider now owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,692 shares of company stock worth $5,858,793. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Lincoln Educational Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at about $65,000. AJOVista LLC acquired a new position in shares of Lincoln Educational Services in the fourth quarter worth approximately $67,000. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services in the third quarter worth approximately $86,000. New York State Common Retirement Fund boosted its holdings in Lincoln Educational Services by 1,513.5% in the fourth quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after acquiring an additional 8,067 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after purchasing an additional 4,217 shares during the period. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.