34,734 Shares in Lincoln Educational Services Corporation $LINC Acquired by Channel Wealth LLC

Key Points

• Channel Wealth LLC has acquired a new stake in Lincoln Educational Services Corporation by purchasing 34,734 shares valued at approximately $801,000, increasing their ownership to 0.11% of the company.
• Multiple institutional investors, including Vanguard Group Inc. and Next Century Growth Investors LLC, have also recently increased their stakes, leading to institutional ownership of 72.23% in Lincoln Educational Services.
• Lincoln Educational Services reported earnings of $0.09 per share for the latest quarter, surpassing analyst expectations, and has received favorable ratings from several analysts with a target price increase to $27.00.

Channel Wealth LLC acquired a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,734 shares of the company's stock, valued at approximately $801,000. Channel Wealth LLC owned 0.11% of Lincoln Educational Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LINC. Wellington Management Group LLP acquired a new stake in shares of Lincoln Educational Services during the first quarter valued at about $8,344,000. Mackenzie Financial Corp acquired a new stake in shares of Lincoln Educational Services during the first quarter worth $1,421,000. Vanguard Group Inc. boosted its holdings in Lincoln Educational Services by 5.4% during the first quarter. Vanguard Group Inc. now owns 1,494,714 shares of the company's stock worth $23,721,000 after purchasing an additional 75,989 shares during the last quarter. Next Century Growth Investors LLC raised its holdings in Lincoln Educational Services by 11.3% in the 1st quarter. Next Century Growth Investors LLC now owns 738,923 shares of the company's stock valued at $11,727,000 after acquiring an additional 74,775 shares during the period. Finally, Pullen Investment Management LLC grew its position in Lincoln Educational Services by 45.7% in the fourth quarter. Pullen Investment Management LLC now owns 209,755 shares of the company's stock valued at $3,318,000 after acquiring an additional 65,805 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Price Performance

Shares of LINC traded down $0.48 during trading hours on Friday, reaching $20.98. The company had a trading volume of 865,389 shares, compared to its average volume of 334,708. The company has a market capitalization of $663.39 million, a price-to-earnings ratio of 45.61, a PEG ratio of 1.85 and a beta of 1.31. Lincoln Educational Services Corporation has a 12-month low of $11.43 and a 12-month high of $25.76. The firm has a 50 day simple moving average of $21.00 and a 200-day simple moving average of $19.95. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 0.24.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $113.96 million. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Research analysts expect that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

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