Bailard Inc. reduced its position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,379 shares of the company's stock after selling 16,521 shares during the quarter. Bailard Inc. owned about 0.22% of Lincoln Educational Services worth $1,085,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in LINC. Vanguard Group Inc. grew its holdings in shares of Lincoln Educational Services by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company's stock valued at $22,444,000 after purchasing an additional 14,772 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Lincoln Educational Services by 190.5% during the 4th quarter. JPMorgan Chase & Co. now owns 115,177 shares of the company's stock worth $1,822,000 after buying an additional 75,531 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Lincoln Educational Services by 28.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 291,814 shares of the company's stock worth $4,616,000 after buying an additional 64,954 shares during the period. Trexquant Investment LP acquired a new stake in Lincoln Educational Services during the 4th quarter worth approximately $382,000. Finally, Wells Fargo & Company MN lifted its position in shares of Lincoln Educational Services by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 15,326 shares of the company's stock worth $242,000 after purchasing an additional 3,338 shares during the period. 72.23% of the stock is owned by institutional investors.
Insider Buying and Selling at Lincoln Educational Services
In related news, Director Carlton Rose sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $23.63, for a total value of $708,900.00. Following the transaction, the director owned 15,295 shares of the company's stock, valued at approximately $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Chad D. Nyce sold 6,200 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $22.93, for a total transaction of $142,166.00. Following the transaction, the chief operating officer directly owned 170,209 shares in the company, valued at $3,902,892.37. This represents a 3.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,200 shares of company stock worth $1,172,166. 13.60% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on LINC. Barrington Research boosted their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Lake Street Capital increased their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. Rosenblatt Securities upped their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Northland Securities started coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $24.60.
Get Our Latest Stock Report on Lincoln Educational Services
Lincoln Educational Services Trading Down 0.2%
NASDAQ LINC traded down $0.04 during trading on Friday, hitting $22.94. The company had a trading volume of 122,401 shares, compared to its average volume of 182,180. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Corporation has a one year low of $11.22 and a one year high of $24.20. The company has a market cap of $724.67 million, a price-to-earnings ratio of 58.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company's fifty day moving average is $22.49 and its 200-day moving average is $18.63.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $117.51 million during the quarter, compared to analyst estimates of $114.55 million. Lincoln Educational Services had a net margin of 2.65% and a return on equity of 10.88%. On average, sell-side analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.
Lincoln Educational Services Company Profile
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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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