Invesco Ltd. Lowers Stake in Lincoln Educational Services Corporation $LINC

Key Points

• Invesco Ltd. has reduced its position in Lincoln Educational Services Corporation by 28.4%, now holding approximately 0.67% of the company, valued at $3,351,000.
• The stock has received multiple ratings updates, with one analyst giving a Strong Buy rating, while the consensus rating is Buy with a target price of $25.00.
• Lincoln Educational Services reported earnings of $0.09 per share for the last quarter, exceeding estimates of $0.04, along with a revenue of $116.47 million.

Invesco Ltd. trimmed its position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 28.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,135 shares of the company's stock after selling 83,897 shares during the quarter. Invesco Ltd. owned 0.67% of Lincoln Educational Services worth $3,351,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC increased its holdings in Lincoln Educational Services by 156.4% during the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock valued at $36,000 after buying an additional 1,383 shares during the period. Morse Asset Management Inc purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at $101,000. Aquatic Capital Management LLC purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at $135,000. Parallel Advisors LLC raised its position 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 worth $141,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Lincoln Educational Services during the 4th quarter worth $171,000. Hedge funds and other institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Stock Performance

Shares of LINC stock traded up $0.51 during trading hours on Wednesday, hitting $19.54. The company's stock had a trading volume of 168,055 shares, compared to its average volume of 271,011. The stock has a market cap of $617.73 million, a PE ratio of 42.46, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31. Lincoln Educational Services Corporation has a 12-month low of $11.38 and a 12-month high of $25.76. The company has a 50 day moving average of $21.74 and a 200 day moving average of $19.74. 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 posted its earnings results on Monday, August 11th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The company had revenue of $116.47 million during 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. On average, sell-side analysts forecast that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Lincoln Educational Services news, COO Chad D. Nyce sold 6,200 shares of the business'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 value of $142,166.00. Following the completion of the transaction, the chief operating officer directly owned 170,209 shares of the company's stock, valued at approximately $3,902,892.37. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LINC shares. Rosenblatt Securities boosted their target price on shares of Lincoln Educational Services from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Barrington Research boosted their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Zacks Research upgraded shares of Lincoln Educational Services to a "hold" rating in a research note on Friday, August 8th. Lake Street Capital lifted their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Lincoln Educational Services has an average rating of "Buy" and a consensus price target of $25.00.

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.