Lincoln Educational Services Corporation $LINC Shares Bought by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC increased its stake in Lincoln Educational Services Corporation by 11.3%, owning approximately 738,923 shares valued at $11.73 million.
• A variety of hedge funds have acted on LINC, with significant increases in positions, such as GAMMA Investing LLC boosting its stake by 1,952.6% in the first quarter.
• Lincoln Educational Services has received analyst upgrades, with Barrington Research raising its target price to $25.00, reflecting a positive sentiment towards the stock.

Next Century Growth Investors LLC raised its stake in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 738,923 shares of the company's stock after buying an additional 74,775 shares during the quarter. Next Century Growth Investors LLC owned approximately 2.34% of Lincoln Educational Services worth $11,727,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LINC. Wellington Management Group LLP purchased a new stake in Lincoln Educational Services in the 1st quarter valued at $8,344,000. Alyeska Investment Group L.P. grew its holdings in Lincoln Educational Services by 43.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock valued at $17,768,000 after buying an additional 338,495 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Lincoln Educational Services in the 1st quarter valued at $1,421,000. Vanguard Group Inc. grew its holdings in Lincoln Educational Services by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,494,714 shares of the company's stock valued at $23,721,000 after buying an additional 75,989 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in Lincoln Educational Services by 45.7% in the 4th quarter. Pullen Investment Management LLC now owns 209,755 shares of the company's stock valued at $3,318,000 after buying an additional 65,805 shares in the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Educational Services Trading Up 0.4%

LINC traded up $0.08 during mid-day trading on Tuesday, hitting $18.89. 77,196 shares of the stock were exchanged, compared to its average volume of 270,470. The firm's fifty day moving average is $21.82 and its two-hundred day moving average is $19.75. Lincoln Educational Services Corporation has a 1-year low of $11.38 and a 1-year high of $25.76. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 0.24. The company has a market cap of $597.33 million, a PE ratio of 41.07, a PEG ratio of 1.66 and a beta of 1.31.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $116.47 million for the quarter, compared to analyst estimates of $113.96 million. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Equities analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LINC has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Rosenblatt Securities increased their price target on Lincoln Educational Services from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Barrington Research increased their price target on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Zacks Research upgraded Lincoln Educational Services to a "hold" rating in a report on Friday, August 8th. Finally, Lake Street Capital increased their price target on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $25.00.

Insider Transactions at Lincoln Educational Services

In other Lincoln Educational Services news, COO Chad D. Nyce sold 6,200 shares of the 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 sale, the chief operating officer owned 170,209 shares of the company's stock, valued at $3,902,892.37. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is owned by corporate insiders.

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.