89,567 Shares in Lincoln Educational Services Corporation (NASDAQ:LINC) Bought by Mackenzie Financial Corp

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 purchased a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 89,567 shares of the company's stock, valued at approximately $1,421,000. Mackenzie Financial Corp owned about 0.28% of Lincoln Educational Services as of its most recent SEC filing.

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

Lincoln Educational Services Trading Up 0.5%

Lincoln Educational Services stock traded up $0.12 during trading hours on Tuesday, hitting $22.64. The stock had a trading volume of 190,404 shares, compared to its average volume of 189,485. 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 market cap of $715.20 million, a price-to-earnings ratio of 58.05, a P/E/G ratio of 2.09 and a beta of 1.50. Lincoln Educational Services Corporation has a one year low of $11.22 and a one year high of $24.20. The business's 50 day simple moving average is $22.76 and its 200-day simple moving average is $19.26.

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

Insider Transactions at Lincoln Educational Services

In other news, Director James J. Burke, Jr. sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $21.40, for a total transaction of $214,000.00. Following the completion of the transaction, the director directly owned 87,230 shares in the company, valued at $1,866,722. This trade represents a 10.28% 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 Carlton Rose sold 30,000 shares of the firm'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 sale, the director directly owned 15,295 shares of the company's stock, valued at $361,420.85. This represents a 66.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock worth $1,172,166 over the last ninety days. 16.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LINC. Barrington Research upped their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Northland Securities assumed coverage on shares of Lincoln Educational Services in a research report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 target price on the stock. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. 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 report on Tuesday, May 13th. Finally, Rosenblatt Securities raised their target price on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $24.60.

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.