Deutsche Bank AG Sells 15,704 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Deutsche Bank AG lowered its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 68.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,313 shares of the company's stock after selling 15,704 shares during the quarter. Deutsche Bank AG's holdings in Lincoln Educational Services were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Summit Investment Advisors Inc. raised its stake in shares of Lincoln Educational Services by 39.6% during the fourth 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 in the last quarter. Aquatic Capital Management LLC acquired a new position in Lincoln Educational Services during the fourth quarter worth about $135,000. Price T Rowe Associates Inc. MD acquired a new position in Lincoln Educational Services during the fourth quarter worth about $171,000. Wells Fargo & Company MN grew its holdings in Lincoln Educational Services by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company's stock worth $242,000 after acquiring an additional 3,338 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Lincoln Educational Services by 13.7% during the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock worth $245,000 after acquiring an additional 1,859 shares during the period. Institutional investors and hedge funds own 72.23% of the company's stock.

Wall Street Analyst Weigh In

LINC has been the subject of a number of research reports. Lake Street Capital raised their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Rosenblatt Securities lifted their price target on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. Northland Securities assumed coverage on Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target for the company. Finally, B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $24.60.

Insider Activity at Lincoln Educational Services

In related news, Director James J. Burke, Jr. sold 10,000 shares of Lincoln Educational Services stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $21.40, for a total value of $214,000.00. Following the sale, the director now owns 87,230 shares of the company's stock, valued at approximately $1,866,722. This trade represents a 10.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carlton Rose sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $23.63, for a total value of $708,900.00. Following the transaction, the director now directly owns 15,295 shares in the company, valued at $361,420.85. This trade represents a 66.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock valued at $1,030,000. 13.60% of the stock is owned by insiders.

Lincoln Educational Services Trading Down 1.2%

NASDAQ:LINC traded down $0.28 during mid-day trading on Thursday, hitting $22.57. The company had a trading volume of 194,931 shares, compared to its average volume of 170,160. Lincoln Educational Services Co. has a fifty-two week low of $10.06 and a fifty-two week high of $24.20. The business's fifty day moving average is $18.95 and its two-hundred day moving average is $17.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The firm has a market cap of $713.05 million, a P/E ratio of 70.53, a P/E/G ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced 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. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. As a group, research analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current 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.