Lincoln Educational Services Co. (NASDAQ:LINC) Shares Sold by State of Wyoming

State of Wyoming reduced its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 81.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,386 shares of the company's stock after selling 33,000 shares during the period. State of Wyoming's holdings in Lincoln Educational Services were worth $117,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its stake in Lincoln Educational Services by 43.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock worth $17,768,000 after purchasing an additional 338,495 shares during the last quarter. Invesco Ltd. raised its stake in shares of Lincoln Educational Services by 485.7% during the fourth quarter. Invesco Ltd. now owns 295,032 shares of the company's stock valued at $4,667,000 after acquiring an additional 244,657 shares during the last quarter. Next Century Growth Investors LLC raised its holdings in shares of Lincoln Educational Services by 17.9% during the fourth quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company's stock valued at $10,507,000 after acquiring an additional 100,963 shares in the last quarter. Dauntless Investment Group LLC bought a new position in Lincoln Educational Services in the 4th quarter worth $1,345,000. Finally, JPMorgan Chase & Co. raised its stake in Lincoln Educational Services by 190.5% in the fourth 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 in the last quarter. 72.23% of the stock is owned by institutional investors.

Lincoln Educational Services Trading Up 2.4%

Shares of NASDAQ:LINC traded up $0.56 during trading on Friday, reaching $23.82. The company's stock had a trading volume of 562,672 shares, compared to its average volume of 168,355. The stock has a market capitalization of $752.55 million, a PE ratio of 74.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. Lincoln Educational Services Co. has a 12 month low of $10.06 and a 12 month high of $24.20. The firm's 50 day simple moving average is $18.51 and its two-hundred day simple moving average is $16.97. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

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, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $117.51 million during the quarter, compared to analyst estimates of $114.55 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. On average, research analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

LINC has been the subject of a number of analyst reports. Lake Street Capital raised their target price on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Barrington Research raised their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Northland Securities started coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They set an "outperform" rating and a $24.00 price objective for the company. Finally, Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One 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 company. According to MarketBeat.com, Lincoln Educational Services presently has a consensus rating of "Buy" and an average price target of $24.60.

Insider Buying and Selling

In other news, Director James J. Burke, Jr. sold 5,000 shares of Lincoln Educational Services stock in a transaction on Friday, May 16th. The stock was sold at an average price of $21.42, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.60% 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.