Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.20, but opened at $18.00. Lincoln Educational Services shares last traded at $16.34, with a volume of 91,726 shares.
Analyst Ratings Changes
Several research firms have recently issued reports on LINC. Barrington Research upped their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday. Rosenblatt Securities upped their price objective on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. StockNews.com cut Lincoln Educational Services from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Finally, B. Riley upped their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.
Read Our Latest Analysis on LINC
Lincoln Educational Services Trading Up 3.6 %
The stock has a market capitalization of $528.23 million, a price-to-earnings ratio of 64.54, a PEG ratio of 2.12 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. The business has a 50-day moving average of $12.61 and a 200-day moving average of $12.18.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. The firm had revenue of $102.91 million during the quarter, compared to the consensus estimate of $99.60 million. As a group, research analysts forecast that Lincoln Educational Services Co. will post 0.51 EPS for the current year.
Insiders Place Their Bets
In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $12.02, for a total transaction of $235,724.22. Following the completion of the sale, the insider now directly owns 876,410 shares of the company's stock, valued at approximately $10,534,448.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 38,912 shares of company stock valued at $467,597. 16.80% of the stock is owned by company insiders.
Institutional Trading of Lincoln Educational Services
A number of hedge funds have recently added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at approximately $121,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at approximately $123,000. BNP Paribas Financial Markets lifted its holdings in shares of Lincoln Educational Services by 60.2% in the 1st 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. Finally, Rhumbline Advisers lifted its holdings in shares of Lincoln Educational Services by 36.0% in the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company's stock valued at $453,000 after buying an additional 10,095 shares during the period. 72.23% of the stock is owned by institutional investors and hedge funds.
Lincoln Educational Services Company Profile
(
Get 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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