Lincoln Educational Services (NASDAQ:LINC) Upgraded by B. Riley to Strong-Buy Rating

B. Riley upgraded shares of Lincoln Educational Services (NASDAQ:LINC - Free Report) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on LINC. Rosenblatt Securities upped their price objective on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Barrington Research reissued an "outperform" rating and issued a $22.00 price target on shares of Lincoln Educational Services in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $21.00.

Lincoln Educational Services Price Performance

Shares of Lincoln Educational Services stock traded up $0.34 during trading on Thursday, hitting $16.50. The stock had a trading volume of 151,088 shares, compared to its average volume of 179,617. 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 has a 12 month low of $9.51 and a 12 month high of $19.79. The firm has a market cap of $521.28 million, a price-to-earnings ratio of 51.56, a P/E/G ratio of 1.70 and a beta of 1.61. The business's 50-day moving average is $16.54 and its 200 day moving average is $15.14.

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Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $110.50 million. As a group, sell-side analysts anticipate that Lincoln Educational Services will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On Lincoln Educational Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Lincoln Educational Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock valued at $237,000 after purchasing an additional 643 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Lincoln Educational Services by 39.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock valued at $43,000 after buying an additional 775 shares during the period. McIlrath & Eck LLC raised its holdings in shares of Lincoln Educational Services by 156.4% during the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock valued at $36,000 after acquiring an additional 1,383 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Lincoln Educational Services by 13.7% in the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock worth $245,000 after acquiring an additional 1,859 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Lincoln Educational Services by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 212,923 shares of the company's stock valued at $3,368,000 after acquiring an additional 2,195 shares in the last quarter. 72.23% of the stock is owned by institutional investors.

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.