Empowered Funds LLC Sells 70,741 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Empowered Funds LLC decreased its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 52.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,055 shares of the company's stock after selling 70,741 shares during the period. Empowered Funds LLC owned 0.20% of Lincoln Educational Services worth $765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LINC. Vanguard Group Inc. grew its holdings in Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company's stock valued at $13,875,000 after buying an additional 136,334 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Lincoln Educational Services by 12.6% in the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company's stock valued at $7,658,000 after acquiring an additional 72,400 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company's stock worth $9,119,000 after acquiring an additional 155,754 shares during the last quarter. Secure Asset Management LLC bought a new position in Lincoln Educational Services during the second quarter worth $612,000. Finally, Calamos Advisors LLC acquired a new position in Lincoln Educational Services during the 2nd quarter valued at $576,000. 72.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LINC. Barrington Research boosted their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. StockNews.com downgraded Lincoln Educational Services from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Rosenblatt Securities increased their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Finally, B. Riley boosted their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Lincoln Educational Services Stock Up 3.5 %

Shares of Lincoln Educational Services stock traded up $0.55 on Friday, hitting $16.15. The company had a trading volume of 119,893 shares, compared to its average volume of 127,971. The firm has a market capitalization of $508.40 million, a P/E ratio of 50.47, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. Lincoln Educational Services Co. has a twelve month low of $8.78 and a twelve month high of $18.74. The stock has a 50-day moving average of $13.30 and a 200-day moving average of $12.46.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $114.41 million for the quarter, compared to the consensus estimate of $111.05 million. During the same period last year, the firm earned $0.11 earnings per share. Research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Insider Transactions at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total value of $120,093.78. Following the completion of the sale, the insider now directly owns 867,017 shares in the company, valued at $14,617,906.62. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Meyers sold 6,892 shares of Lincoln Educational Services stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total value of $112,890.96. Following the sale, the chief financial officer now directly owns 266,133 shares of the company's stock, valued at $4,359,258.54. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,912 shares of company stock worth $645,453 in the last ninety days. Insiders own 16.80% of the company's stock.

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.