Empowered Funds LLC reduced its position in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,769 shares of the company's stock after selling 17,286 shares during the quarter. Empowered Funds LLC owned approximately 0.15% of Lincoln Educational Services worth $740,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of LINC. SG Americas Securities LLC bought a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at $121,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at $123,000. Janus Henderson Group PLC bought a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at $144,000. Barclays PLC boosted its stake in shares of Lincoln Educational Services by 259.0% in the 3rd quarter. Barclays PLC now owns 34,220 shares of the company's stock valued at $408,000 after purchasing an additional 24,688 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Lincoln Educational Services by 63.6% during the third quarter. Jane Street Group LLC now owns 38,367 shares of the company's stock worth $458,000 after acquiring an additional 14,913 shares in the last quarter. 72.23% of the stock is owned by institutional investors.
Insider Activity
In other news, major shareholder Juniper Investment Company, Ll sold 60,000 shares of Lincoln Educational Services stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.62, for a total transaction of $997,200.00. Following the completion of the transaction, the insider now directly owns 605,005 shares in the company, valued at $10,055,183.10. This trade represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chad D. Nyce sold 9,977 shares of Lincoln Educational Services stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.50, for a total transaction of $164,620.50. Following the transaction, the executive vice president now owns 144,669 shares of the company's stock, valued at $2,387,038.50. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,090 shares of company stock worth $2,987,371 over the last three months. 16.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on LINC shares. B. Riley increased their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Barrington Research reissued an "outperform" rating and set a $20.00 target price on shares of Lincoln Educational Services in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Lincoln Educational Services has an average rating of "Moderate Buy" and a consensus target price of $18.00.
Get Our Latest Report on Lincoln Educational Services
Lincoln Educational Services Stock Down 8.7 %
NASDAQ LINC traded down $1.54 on Friday, hitting $16.09. 229,552 shares of the company were exchanged, compared to its average volume of 128,822. The company has a market cap of $506.51 million, a PE ratio of 50.28, a PEG ratio of 1.74 and a beta of 1.41. Lincoln Educational Services Co. has a 12 month low of $9.29 and a 12 month high of $18.74. The stock has a fifty day moving average of $16.11 and a 200-day moving average of $14.34. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.
About Lincoln Educational Services
(
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, 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.
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