Russell Investments Group Ltd. Increases Stock Position in Lincoln Educational Services Corporation $LINC

Key Points

• Russell Investments Group Ltd. increased its stake in Lincoln Educational Services Corporation (LINC) by 8.4%, acquiring an additional 17,893 shares, bringing its total ownership to 230,816 shares valued at approximately $3.66 million.
• Several institutional investors made significant investments in LINC recently, including Alyeska Investment Group with a 43.1% increase and Invesco Ltd. with a 485.7% increase in their positions.
• Analysts have raised their price targets for LINC, with Barrington Research lifting it from $22.00 to $25.00 and Lake Street Capital raising it from $21.00 to $26.00, while the stock currently holds a consensus rating of "Buy".

Russell Investments Group Ltd. grew its position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,816 shares of the company's stock after acquiring an additional 17,893 shares during the period. Russell Investments Group Ltd. owned about 0.73% of Lincoln Educational Services worth $3,663,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LINC. McIlrath & Eck LLC raised its position in shares of Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock worth $36,000 after purchasing an additional 1,383 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services in the 4th quarter valued at about $101,000. Aquatic Capital Management LLC purchased a new stake in shares of Lincoln Educational Services in the 4th quarter valued at approximately $135,000. Parallel Advisors LLC grew its stake in shares of Lincoln Educational Services by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock valued at $141,000 after buying an additional 1,500 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Lincoln Educational Services in the 4th quarter valued at approximately $171,000. Institutional investors and hedge funds own 72.23% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, COO Chad D. Nyce sold 6,200 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $22.93, for a total transaction of $142,166.00. Following the sale, the chief operating officer owned 170,209 shares of the company's stock, valued at approximately $3,902,892.37. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.60% of the company's stock.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock traded down $0.30 on Friday, reaching $18.81. 371,418 shares of the stock were exchanged, compared to its average volume of 526,241. 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 business has a fifty day moving average price of $21.90 and a two-hundred day moving average price of $19.70. The firm has a market capitalization of $594.77 million, a PE ratio of 40.89, a PEG ratio of 1.69 and a beta of 1.50.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $116.47 million for the quarter, compared to analyst estimates of $113.96 million. Lincoln Educational Services had a net margin of 3.05% and a return on equity of 11.20%. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. As a group, research analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal 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.