Heartland Advisors Inc. lowered its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,351,676 shares of the company's stock after selling 130,432 shares during the period. Lincoln Educational Services comprises 1.2% of Heartland Advisors Inc.'s holdings, making the stock its 16th largest holding. Heartland Advisors Inc. owned about 4.29% of Lincoln Educational Services worth $21,384,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of LINC. Charles Schwab Investment Management Inc. lifted its stake in shares of Lincoln Educational Services by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company's stock worth $895,000 after acquiring an additional 2,545 shares during the period. Janus Henderson Group PLC bought a new position in Lincoln Educational Services during the 3rd quarter worth approximately $144,000. Needham Investment Management LLC boosted its stake in shares of Lincoln Educational Services by 71.4% in the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company's stock valued at $7,164,000 after purchasing an additional 250,000 shares during the last quarter. State Street Corp boosted its stake in shares of Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company's stock valued at $5,255,000 after purchasing an additional 12,938 shares during the last quarter. Finally, Jane Street Group LLC raised 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 buying an additional 14,913 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on LINC. B. Riley started coverage on shares of Lincoln Educational Services in a research report on Friday. They set a "buy" rating and a $23.00 target price on the stock. Rosenblatt Securities increased their price objective on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $22.00 price target on shares of Lincoln Educational Services in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $21.00.
Get Our Latest Report on LINC
Lincoln Educational Services Stock Performance
Shares of LINC stock traded up $0.48 on Tuesday, hitting $16.35. 41,306 shares of the stock were exchanged, compared to its average volume of 134,115. The firm's 50 day moving average is $16.54 and its two-hundred day moving average is $15.14. Lincoln Educational Services Co. has a one year low of $9.51 and a one year high of $19.79. The firm has a market capitalization of $516.55 million, a PE ratio of 51.10, a P/E/G ratio of 1.70 and a beta of 1.61. 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 (NASDAQ:LINC - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.11. The business had revenue of $119.37 million during the quarter, compared to analyst estimates of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. Sell-side analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.
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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