Connor Clark & Lunn Investment Management Ltd. Has $2.30 Million Holdings in Lincoln Educational Services Corporation $LINC

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Lincoln Educational Services Corporation by 22.3%, owning approximately 0.46% of the company, valued at about $2.3 million.
• Several analysts have raised their target prices for Lincoln Educational Services, with Barrington Research increasing it to $25.00 and Lake Street Capital raising it to $26.00, both giving the stock a "buy" rating.
• Insider transactions indicate a decrease in ownership, with COO Chad D. Nyce selling 6,200 shares and Director Carlton Rose selling 30,000 shares, reducing their holdings significantly.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,846 shares of the company's stock after acquiring an additional 26,383 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of Lincoln Educational Services worth $2,299,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LINC. McIlrath & Eck LLC boosted its stake in shares of Lincoln Educational Services by 156.4% in the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock valued at $36,000 after purchasing an additional 1,383 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Lincoln Educational Services by 39.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock valued at $43,000 after purchasing an additional 775 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Lincoln Educational Services in the 4th quarter valued at about $101,000. Aquatic Capital Management LLC bought a new position in shares of Lincoln Educational Services in the 4th quarter valued at about $135,000. Finally, Parallel Advisors LLC boosted its stake in shares of Lincoln Educational Services by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Trading Down 1.4%

Lincoln Educational Services stock traded down $0.26 during midday trading on Tuesday, hitting $18.86. 114,957 shares of the stock were exchanged, compared to its average volume of 264,578. The company has a fifty day simple moving average of $22.40 and a two-hundred day simple moving average of $19.59. Lincoln Educational Services Corporation has a 52 week low of $11.29 and a 52 week high of $25.76. The stock has a market capitalization of $596.32 million, a PE ratio of 41.02, a P/E/G ratio of 1.68 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 0.90 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 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm had revenue of $116.47 million for the quarter, compared to the consensus estimate of $113.96 million. Lincoln Educational Services had a net margin of 3.05% and a return on equity of 11.20%. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Equities research analysts anticipate that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LINC. B. Riley reaffirmed a "buy" rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Northland Securities began coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They issued an "outperform" rating and a $24.00 target price on the stock. Lake Street Capital raised their target price on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Rosenblatt Securities raised their target price on shares of Lincoln Educational Services from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $25.00.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services 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 transaction of $708,900.00. Following the sale, the director directly owned 15,295 shares in the company, valued at approximately $361,420.85. This trade represents a 66.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Chad D. Nyce sold 6,200 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $22.93, for a total transaction of $142,166.00. Following the sale, the chief operating officer owned 170,209 shares in the company, valued at $3,902,892.37. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

Lincoln Educational Services Company 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.