Essex Investment Management Co. LLC trimmed its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 399,640 shares of the company's stock after selling 44,099 shares during the period. Lincoln Educational Services comprises about 1.1% of Essex Investment Management Co. LLC's portfolio, making the stock its 17th biggest position. Essex Investment Management Co. LLC owned 1.27% of Lincoln Educational Services worth $6,322,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Lincoln Educational Services by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company's stock valued at $895,000 after purchasing an additional 2,545 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lincoln Educational Services by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company's stock worth $1,258,000 after purchasing an additional 10,081 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lincoln Educational Services by 1.9% in the third quarter. Geode Capital Management LLC now owns 636,160 shares of the company's stock valued at $7,598,000 after buying an additional 11,650 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Lincoln Educational Services in the third quarter valued at $144,000. Finally, State Street Corp raised its stake in Lincoln Educational Services by 3.0% in the third quarter. State Street Corp now owns 440,136 shares of the company's stock valued at $5,255,000 after buying an additional 12,938 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Rosenblatt Securities increased their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Barrington Research reaffirmed an "outperform" rating and issued a $20.00 price target on shares of Lincoln Educational Services in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Lincoln Educational Services currently has a consensus rating of "Moderate Buy" and an average price target of $19.75.
Read Our Latest Report on Lincoln Educational Services
Lincoln Educational Services Stock Performance
LINC stock traded down $0.78 on Thursday, hitting $14.44. The company's stock had a trading volume of 210,855 shares, compared to its average volume of 180,959. The stock has a market cap of $456.20 million, a price-to-earnings ratio of 45.13, a price-to-earnings-growth ratio of 1.70 and a beta of 1.61. The firm has a 50 day moving average of $16.48 and a two-hundred day moving average of $14.82. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 1 year low of $9.29 and a 1 year high of $19.79.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.11. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The business had revenue of $119.37 million during the quarter, compared to analysts' expectations of $110.50 million. Equities analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.
Lincoln Educational Services Company Profile
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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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