Acadian Asset Management LLC Raises Position in Lincoln Educational Services Corporation $LINC

Key Points

• Acadian Asset Management LLC increased its holdings in Lincoln Educational Services by 58.4% in Q1, owning 61,425 shares worth approximately $973,000, amidst significant activity from other hedge funds.
• Analysts have upgraded Lincoln Educational Services to a "buy" rating with a consensus target price of $25.00, indicating positive market sentiment towards the stock.
• The company reported earnings per share (EPS) of $0.09 for the last quarter, surpassing estimates, and had a revenue of $116.47 million compared to expectations of $113.96 million.

Acadian Asset Management LLC boosted its stake in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 58.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,425 shares of the company's stock after purchasing an additional 22,643 shares during the period. Acadian Asset Management LLC owned about 0.19% of Lincoln Educational Services worth $973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its holdings in Lincoln Educational Services by 6.7% during the 4th quarter. Northern Trust Corp now owns 236,988 shares of the company's stock worth $3,749,000 after acquiring an additional 14,877 shares during the period. Ameriprise Financial Inc. grew its holdings in Lincoln Educational Services by 27.1% during the 4th quarter. Ameriprise Financial Inc. now owns 47,359 shares of the company's stock worth $749,000 after acquiring an additional 10,108 shares during the period. Bank of America Corp DE grew its holdings in Lincoln Educational Services by 19.5% during the 4th quarter. Bank of America Corp DE now owns 42,747 shares of the company's stock worth $676,000 after acquiring an additional 6,962 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 worth $237,000 after acquiring an additional 643 shares during the period. Finally, Millennium Management LLC acquired a new stake in Lincoln Educational Services during the 4th quarter worth about $288,000. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Educational Services Stock Down 2.2%

NASDAQ LINC traded down $0.48 during trading hours on Friday, hitting $20.98. The company's stock had a trading volume of 865,389 shares, compared to its average volume of 362,986. Lincoln Educational Services Corporation has a 52 week low of $11.43 and a 52 week high of $25.76. The company has a market capitalization of $663.39 million, a PE ratio of 45.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $21.00 and its two-hundred day simple moving average is $19.98.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Lincoln Educational Services had a net margin of 3.05% and a return on equity of 11.20%. The firm had revenue of $116.47 million for the quarter, compared to analysts' expectations of $113.96 million. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Research analysts anticipate that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research upgraded Lincoln Educational Services to a "hold" rating in a report on Friday, August 8th. Rosenblatt Securities increased their price objective on shares of Lincoln Educational Services from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $25.00.

About Lincoln Educational Services

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.