Lincoln Educational Services Co. (NASDAQ:LINC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 248.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,646 shares of the company's stock after purchasing an additional 28,275 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Lincoln Educational Services worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LINC. SG Americas Securities LLC purchased a new stake in shares of Lincoln Educational Services during the third quarter valued at $121,000. The Manufacturers Life Insurance Company purchased a new stake in Lincoln Educational Services in the 2nd quarter valued at about $123,000. Janus Henderson Group PLC bought a new position in Lincoln Educational Services in the 3rd quarter worth about $144,000. Barclays PLC grew its stake in Lincoln Educational Services by 259.0% in the 3rd quarter. Barclays PLC now owns 34,220 shares of the company's stock worth $408,000 after acquiring an additional 24,688 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of 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 during the period. 72.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lincoln Educational Services

In other news, Director Michael A. Plater sold 10,471 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.41, for a total value of $161,358.11. Following the completion of the transaction, the director now owns 31,608 shares of the company's stock, valued at $487,079.28. The trade was a 24.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total value of $120,093.78. Following the sale, the insider now directly owns 867,017 shares in the company, valued at approximately $14,617,906.62. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 223,002 shares of company stock worth $3,632,824 over the last quarter. Insiders own 16.80% of the company's stock.

Lincoln Educational Services Stock Up 0.7 %

LINC traded up $0.11 during trading on Friday, hitting $16.32. The stock had a trading volume of 176,679 shares, compared to its average volume of 110,854. The stock has a 50 day simple moving average of $15.81 and a two-hundred day simple moving average of $13.95. The company has a market capitalization of $513.75 million, a PE ratio of 51.00, a PEG ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. Lincoln Educational Services Co. has a twelve month low of $8.91 and a twelve month high of $18.74.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Lincoln Educational Services from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. B. Riley raised their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Barrington Research upped their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lincoln Educational Services currently has an average rating of "Moderate Buy" and an average target price of $18.00.

Lincoln Educational Services Company Profile

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.