Goldman Sachs Group Inc. Has $1.41 Million Position in Lincoln Educational Services Corporation $LINC

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Lincoln Educational Services Corporation by 17.4%, now owning 89,019 shares worth approximately $1.4 million.
• Lincoln Educational Services reported an EPS of $0.09 for the last quarter, exceeding analysts' expectations of $0.04, with a revenue of $116.47 million.
• Analysts have raised the company's price target, with Rosenblatt Securities increasing it from $25.00 to $27.00 and assigning a "buy" rating.

Goldman Sachs Group Inc. reduced its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 17.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,019 shares of the company's stock after selling 18,715 shares during the quarter. Goldman Sachs Group Inc. owned 0.28% of Lincoln Educational Services worth $1,413,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Lincoln Educational Services by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after acquiring an additional 643 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lincoln Educational Services by 1.9% during the first quarter. Empowered Funds LLC now owns 47,648 shares of the company's stock worth $756,000 after buying an additional 879 shares in the last quarter. Informed Momentum Co LLC grew its holdings in shares of Lincoln Educational Services by 1.9% during the first quarter. Informed Momentum Co LLC now owns 48,920 shares of the company's stock worth $776,000 after buying an additional 915 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Lincoln Educational Services by 20.3% during the first quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock worth $141,000 after buying an additional 1,500 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in shares of Lincoln Educational Services by 1.4% during the first quarter. Pullen Investment Management LLC now owns 212,715 shares of the company's stock worth $3,376,000 after buying an additional 2,960 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LINC has been the subject of a number of research reports. Rosenblatt Securities increased their price objective on Lincoln Educational Services from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Zacks Research upgraded Lincoln Educational Services to a "hold" rating in a report on Friday, August 8th. Finally, Barrington Research reiterated an "outperform" rating and set a $25.00 price objective on shares of Lincoln Educational Services in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $25.00.

Lincoln Educational Services Stock Down 1.1%

LINC stock traded down $0.23 during mid-day trading on Tuesday, reaching $21.59. The company had a trading volume of 66,135 shares, compared to its average volume of 279,465. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $20.98 and a two-hundred day simple moving average of $20.02. The company has a market capitalization of $682.68 million, a price-to-earnings ratio of 46.99, a PEG ratio of 1.85 and a beta of 1.31. Lincoln Educational Services Corporation has a 52 week low of $11.43 and a 52 week high of $25.76.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings data 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. Lincoln Educational Services had a return on equity of 11.20% and a net margin of 3.05%.The company had revenue of $116.47 million during the quarter, compared to analysts' expectations of $113.96 million. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. As a group, equities analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

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.