Occudo Quantitative Strategies LP Purchases Shares of 13,868 Lincoln Educational Services Co. (NASDAQ:LINC)

Occudo Quantitative Strategies LP acquired a new stake in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,868 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of LINC. Alyeska Investment Group L.P. grew its position 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 acquiring an additional 338,495 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Lincoln Educational Services by 485.7% in the 4th quarter. Invesco Ltd. now owns 295,032 shares of the company's stock worth $4,667,000 after buying an additional 244,657 shares during the period. Next Century Growth Investors LLC lifted 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 during the period. Dauntless Investment Group LLC purchased a new stake in shares of Lincoln Educational Services in the 4th quarter worth $1,345,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Lincoln Educational Services by 190.5% in the 4th quarter. JPMorgan Chase & Co. now owns 115,177 shares of the company's stock worth $1,822,000 after buying an additional 75,531 shares during the period. Institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Stock Up 2.8%

Shares of NASDAQ LINC traded up $0.60 during mid-day trading on Friday, reaching $22.02. 254,185 shares of the company were exchanged, compared to its average volume of 161,080. 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 stock has a market cap of $695.68 million, a price-to-earnings ratio of 68.81, a P/E/G ratio of 1.70 and a beta of 1.63. Lincoln Educational Services Co. has a 1 year low of $10.06 and a 1 year high of $22.27. The firm has a 50-day moving average of $17.75 and a 200 day moving average of $16.72.

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 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 firm had revenue of $117.51 million during the quarter, compared to analysts' expectations of $114.55 million. On average, research analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $21.42, for a total value of $107,100.00. Following the completion of the sale, the director now directly owns 82,230 shares in the company, valued at approximately $1,761,366.60. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Northland Securities assumed coverage on Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 target price for the company. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Rosenblatt Securities upped their target price on Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Lake Street Capital upped their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lincoln Educational Services currently has a consensus rating of "Buy" and a consensus 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.