Mackenzie Financial Corp Buys Shares of 89,567 Lincoln Educational Services Corporation (NASDAQ:LINC)

Key Points

• Mackenzie Financial Corp purchased 89,567 shares of Lincoln Educational Services Corporation valued at approximately $1.42 million, representing about 0.28% of the company's total shares.
• Insider trading activity included COO Chad D. Nyce selling 6,200 shares, and Director James J. Burke, Jr. selling 10,000 shares, indicating a decrease in their respective holdings.
• Lincoln Educational Services has a market capitalization of $711.41 million and reported earnings per share of $0.11, beating analyst estimates, with a current consensus rating of "Buy" from research firms.

Mackenzie Financial Corp bought a new position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 89,567 shares of the company's stock, valued at approximately $1,421,000. Mackenzie Financial Corp owned 0.28% of Lincoln Educational Services at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Lincoln Educational Services by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company's stock valued at $22,444,000 after acquiring an additional 14,772 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Lincoln Educational Services by 43.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock valued at $17,768,000 after purchasing an additional 338,495 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lincoln Educational Services by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,071,560 shares of the company's stock valued at $16,952,000 after purchasing an additional 51,430 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Lincoln Educational Services by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 690,378 shares of the company's stock valued at $10,922,000 after purchasing an additional 42,000 shares during the period. Finally, Next Century Growth Investors LLC raised its holdings in shares of Lincoln Educational Services by 17.9% in the 4th quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company's stock worth $10,507,000 after buying an additional 100,963 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LINC. Northland Capmk raised Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Barrington Research lifted their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, May 12th. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Northland Securities began coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price objective for the company. Finally, Lake Street Capital lifted 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. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of "Buy" and an average target price of $24.60.

Lincoln Educational Services Trading Up 0.6%

NASDAQ LINC traded up $0.15 during trading hours on Friday, hitting $23.69. The company's stock had a trading volume of 172,806 shares, compared to its average volume of 239,781. Lincoln Educational Services Corporation has a twelve month low of $11.29 and a twelve month high of $24.99. The firm has a market capitalization of $748.43 million, a P/E ratio of 60.61, a PEG ratio of 2.27 and a beta of 1.50. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average of $22.79 and a 200 day moving average of $19.34.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The business had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. Equities research analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Carlton Rose sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $23.63, for a total value of $708,900.00. Following the completion of the sale, the director directly owned 15,295 shares in the company, valued at $361,420.85. This represents a 66.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Burke, Jr. sold 5,000 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total transaction of $107,100.00. Following the completion of the transaction, the director directly owned 82,230 shares in the company, valued at approximately $1,761,366.60. The trade was a 5.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,200 shares of company stock worth $1,172,166. Company insiders own 13.60% of the company's stock.

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.