Millennium Management LLC Purchases New Stake in Lincoln Educational Services Co. (NASDAQ:LINC)

Millennium Management LLC bought a new stake in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,183 shares of the company's stock, valued at approximately $288,000. Millennium Management LLC owned approximately 0.06% of Lincoln Educational Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its stake in shares of Lincoln Educational Services by 39.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock valued at $43,000 after buying an additional 775 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Lincoln Educational Services during the fourth quarter worth $135,000. Price T Rowe Associates Inc. MD bought a new position in Lincoln Educational Services during the fourth quarter worth $171,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Lincoln Educational Services by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after purchasing an additional 643 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Lincoln Educational Services by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company's stock worth $242,000 after purchasing an additional 3,338 shares during the period. 72.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. B. Riley reaffirmed a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Barrington Research lifted 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 report on Monday, May 12th. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Lake Street Capital lifted their price objective on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $24.60.

Insider Transactions at Lincoln Educational Services

In related news, COO Chad D. Nyce sold 6,200 shares of the business's stock in a transaction dated 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 owns 170,209 shares of the company's stock, valued at $3,902,892.37. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carlton Rose sold 30,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $23.63, for a total value 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 approximately $361,420.85. This trade represents a 66.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,200 shares of company stock valued at $1,172,166. 13.60% of the stock is currently owned by corporate insiders.

Lincoln Educational Services Stock Performance

Shares of LINC traded up $0.76 during midday trading on Thursday, reaching $22.39. 231,890 shares of the stock were exchanged, compared to its average volume of 173,596. Lincoln Educational Services Co. has a twelve month low of $10.31 and a twelve month high of $24.20. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $707.37 million, a P/E ratio of 69.97, a PEG ratio of 1.70 and a beta of 1.62. The stock's 50 day simple moving average is $19.69 and its 200 day simple moving average is $17.39.

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