Lincoln Educational Services (NASDAQ:LINC) Hits New 52-Week High After Analyst Upgrade

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) reached a new 52-week high during mid-day trading on Friday after B. Riley raised their price target on the stock from $15.00 to $20.00. B. Riley currently has a buy rating on the stock. Lincoln Educational Services traded as high as $16.21 and last traded at $16.20, with a volume of 325686 shares traded. The stock had previously closed at $14.91.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Lincoln Educational Services from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Rosenblatt Securities increased their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Lincoln Educational Services in a research note on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of Lincoln Educational Services stock in a transaction on Friday, August 16th. The stock was sold at an average price of $12.02, for a total value of $235,724.22. Following the transaction, the insider now owns 876,410 shares in the company, valued at approximately $10,534,448.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 40,819 shares of company stock valued at $490,481. Company insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LINC. Gladius Capital Management LP bought a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets lifted its holdings in Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company's stock valued at $116,000 after buying an additional 4,217 shares during the period. SG Americas Securities LLC bought a new stake in Lincoln Educational Services during the third quarter valued at $121,000. The Manufacturers Life Insurance Company acquired a new stake in Lincoln Educational Services during the 2nd quarter worth about $123,000. Finally, Rhumbline Advisers grew its holdings in Lincoln Educational Services by 36.0% during the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company's stock worth $453,000 after acquiring an additional 10,095 shares during the period. 72.23% of the stock is currently owned by institutional investors.

Lincoln Educational Services Price Performance

The business has a 50 day moving average price of $12.52 and a 200-day moving average price of $12.12. The company has a market capitalization of $509.98 million, a price-to-earnings ratio of 62.31, a P/E/G ratio of 1.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $102.91 million during the quarter, compared to analyst estimates of $99.60 million. Lincoln Educational Services had a net margin of 1.95% and a return on equity of 10.38%. Research analysts predict that Lincoln Educational Services Co. will post 0.51 EPS for the current fiscal year.

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.