Renaissance Technologies LLC Purchases 42,000 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Renaissance Technologies LLC raised its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 690,378 shares of the company's stock after acquiring an additional 42,000 shares during the period. Renaissance Technologies LLC owned approximately 2.19% of Lincoln Educational Services worth $10,922,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LINC. Wells Fargo & Company MN raised its holdings in shares of Lincoln Educational Services by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company's stock valued at $242,000 after purchasing an additional 3,338 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Lincoln Educational Services during the 4th quarter valued at $288,000. Trexquant Investment LP bought a new position in shares of Lincoln Educational Services during the 4th quarter valued at $382,000. Barclays PLC lifted its holdings in shares of Lincoln Educational Services by 259.0% during the 3rd quarter. Barclays PLC now owns 34,220 shares of the company's stock valued at $408,000 after buying an additional 24,688 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Lincoln Educational Services by 63.6% in the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company's stock worth $458,000 after buying an additional 14,913 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company's stock.

Analyst Ratings Changes

LINC has been the subject of several research reports. Barrington Research reaffirmed an "outperform" rating and set a $22.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, March 26th. Rosenblatt Securities increased their target price on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, B. Riley assumed coverage on shares of Lincoln Educational Services in a report on Friday, March 28th. They issued a "buy" rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lincoln Educational Services currently has an average rating of "Buy" and a consensus price target of $21.00.

Lincoln Educational Services Trading Down 0.1 %

NASDAQ LINC traded down $0.02 during trading hours on Friday, hitting $17.18. 222,000 shares of the company were exchanged, compared to its average volume of 147,150. The stock has a market cap of $542.77 million, a PE ratio of 53.69, a price-to-earnings-growth ratio of 1.70 and a beta of 1.57. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $16.55 and a 200 day moving average price of $15.59. Lincoln Educational Services Co. has a 52 week low of $9.70 and a 52 week high of $19.79.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 company had revenue of $119.37 million for the quarter, compared to the consensus estimate of $110.50 million. Analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Lincoln Educational Services 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.