Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $16.00, but opened at $16.33. Lincoln Educational Services shares last traded at $16.36, with a volume of 17,014 shares changing hands.
Analyst Ratings Changes
LINC has been the subject of a number of recent research reports. Rosenblatt Securities lifted their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. B. Riley initiated coverage on Lincoln Educational Services in a report on Friday. They issued a "buy" rating and a $23.00 price target for the company. Finally, Barrington Research restated an "outperform" rating and issued a $22.00 price objective on shares of Lincoln Educational Services in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $21.00.
Check Out Our Latest Report on LINC
Lincoln Educational Services Trading Up 2.7 %
The stock has a market cap of $514.93 million, a PE ratio of 50.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The company has a 50 day moving average of $16.54 and a two-hundred day moving average of $15.14.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.11. The business had revenue of $119.37 million during the quarter, compared to analysts' expectations of $110.50 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. Sell-side analysts anticipate that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lincoln Educational Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LINC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 worth $237,000 after purchasing an additional 643 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after buying an additional 775 shares in the last quarter. 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 during the last quarter. MetLife Investment Management LLC lifted its position in shares of Lincoln Educational Services by 13.7% in the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock valued at $245,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lincoln Educational Services by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 212,923 shares of the company's stock worth $3,368,000 after acquiring an additional 2,195 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.
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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