Lincoln Educational Services Co. (NASDAQ:LINC) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,810 shares of the company's stock after selling 35,074 shares during the quarter. Legato Capital Management LLC owned approximately 0.38% of Lincoln Educational Services worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LINC. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $895,000 after acquiring an additional 2,545 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Lincoln Educational Services by 10.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company's stock worth $1,258,000 after acquiring an additional 10,081 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Lincoln Educational Services in the 3rd quarter worth approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in Lincoln Educational Services in the 2nd quarter worth approximately $123,000. Finally, Geode Capital Management LLC increased its holdings in Lincoln Educational Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company's stock worth $7,598,000 after acquiring an additional 11,650 shares in the last quarter. Institutional investors own 72.23% of the company's stock.

Wall Street Analyst Weigh In

LINC has been the subject of a number of research analyst reports. Barrington Research increased their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, November 11th. B. Riley increased their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Insiders Place Their Bets

In related news, EVP Chad D. Nyce sold 9,977 shares of Lincoln Educational Services stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.50, for a total transaction of $164,620.50. Following the completion of the sale, the executive vice president now owns 144,669 shares of the company's stock, valued at $2,387,038.50. The trade was a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 61,289 shares of Lincoln Educational Services stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $16.19, for a total value of $992,268.91. Following the sale, the insider now directly owns 425,544 shares of the company's stock, valued at $6,889,557.36. This trade represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,577 shares of company stock worth $3,102,072 over the last quarter. Company insiders own 16.80% of the company's stock.

Lincoln Educational Services Trading Up 0.5 %

LINC traded up $0.08 during trading on Friday, reaching $17.58. The company had a trading volume of 54,698 shares, compared to its average volume of 119,806. The stock has a market cap of $553.40 million, a P/E ratio of 54.94, a PEG ratio of 1.72 and a beta of 1.41. The business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $14.19. Lincoln Educational Services Co. has a 52 week low of $9.29 and a 52 week high of $18.74. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

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.