Wellington Management Group LLP Acquires New Position in Lincoln Educational Services Corporation $LINC

Key Points

• Wellington Management Group LLP has acquired 525,800 shares of Lincoln Educational Services Corporation, valued at approximately $8.34 million, representing a 1.66% stake in the company.
• Analysts have a generally positive outlook on Lincoln Educational Services, with several upgrades and target price increases, leading to an average rating of "Buy" and a price target of $25.00.
• Lincoln Educational Services recently reported better-than-expected earnings, with an EPS of $0.09 for the last quarter, exceeding consensus estimates and guiding for a projected EPS of 0.54 for the current fiscal year.

Wellington Management Group LLP purchased a new stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 525,800 shares of the company's stock, valued at approximately $8,344,000. Wellington Management Group LLP owned 1.66% of Lincoln Educational Services as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LINC. Alyeska Investment Group L.P. boosted its position in Lincoln Educational Services by 43.1% during 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 during the period. Mackenzie Financial Corp purchased a new stake in Lincoln Educational Services during the 1st quarter valued at $1,421,000. Vanguard Group Inc. boosted its position in Lincoln Educational Services by 5.4% during 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 during the period. Pullen Investment Management LLC boosted its position in Lincoln Educational Services by 45.7% during 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 during the period. Finally, American Century Companies Inc. boosted its position in Lincoln Educational Services by 109.0% during the 1st quarter. American Century Companies Inc. now owns 99,054 shares of the company's stock valued at $1,572,000 after buying an additional 51,650 shares during the period. Hedge funds and other institutional investors own 72.23% of the company's stock.

Insider Buying and Selling

In related news, COO Chad D. Nyce sold 6,200 shares of the 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 directly owned 170,209 shares of the company's stock, valued at approximately $3,902,892.37. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LINC shares. Zacks Research upgraded shares of Lincoln Educational Services to a "hold" rating in a report on Friday, August 8th. Rosenblatt Securities upped their price objective on shares of 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 upped their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Lake Street Capital upped their price objective on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Lincoln Educational Services has a consensus rating of "Buy" and a consensus target price of $25.00.

Lincoln Educational Services Stock Up 1.9%

Shares of Lincoln Educational Services stock traded up $0.37 during trading on Wednesday, hitting $19.40. The company's stock had a trading volume of 36,662 shares, compared to its average volume of 270,197. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 0.90. The company has a fifty day simple moving average of $21.74 and a two-hundred day simple moving average of $19.74. The company has a market capitalization of $613.27 million, a PE ratio of 42.01, a P/E/G ratio of 1.66 and a beta of 1.31. Lincoln Educational Services Corporation has a 52 week low of $11.38 and a 52 week high of $25.76.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Lincoln Educational Services had a net margin of 3.05% and a return on equity of 11.20%. The company had revenue of $116.47 million for the quarter, compared to the consensus estimate of $113.96 million. Lincoln Educational Services has set its FY 2025 guidance at EPS. FY 2027 guidance at EPS. Equities research analysts predict that Lincoln Educational Services Corporation 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.