Millennium Management LLC Makes New $288,000 Investment in Lincoln Educational Services Co. (NASDAQ:LINC)

Millennium Management LLC purchased a new stake in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,183 shares of the company's stock, valued at approximately $288,000. Millennium Management LLC owned about 0.06% of Lincoln Educational Services as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LINC. Vanguard Group Inc. increased its holdings in shares of Lincoln Educational Services by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company's stock worth $22,444,000 after acquiring an additional 14,772 shares during the period. Alyeska Investment Group L.P. boosted its holdings 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 buying an additional 338,495 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lincoln Educational Services by 5.0% in the 4th 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 during the period. First Eagle Investment Management LLC boosted its position in shares of Lincoln Educational Services by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 833,093 shares of the company's stock valued at $13,180,000 after acquiring an additional 41,442 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position 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 purchasing an additional 42,000 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

Insider Buying and Selling at Lincoln Educational Services

In related news, Director Carlton Rose sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $23.63, for a total transaction of $708,900.00. Following the completion of the transaction, the director now directly owns 15,295 shares of the company's stock, valued at $361,420.85. This represents a 66.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Chad D. Nyce sold 6,200 shares of the business's stock in a transaction 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 now directly owns 170,209 shares of the company's stock, valued at approximately $3,902,892.37. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,200 shares of company stock valued at $1,172,166 in the last three months. 13.60% of the stock is owned by corporate insiders.

Lincoln Educational Services Trading Up 0.3%

Lincoln Educational Services stock traded up $0.07 during mid-day trading on Friday, hitting $22.46. The company's stock had a trading volume of 155,065 shares, compared to its average volume of 174,259. The stock has a market cap of $709.58 million, a PE ratio of 70.19, a P/E/G ratio of 1.70 and a beta of 1.62. The company has a 50 day moving average of $19.81 and a 200-day moving average of $17.44. Lincoln Educational Services Co. has a one year low of $10.31 and a one year high of $24.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. On average, research analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Northland Securities started coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target on the stock. Northland Capmk raised Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Barrington Research increased their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Finally, Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $24.60.

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.