XTX Topco Ltd Takes Position in Lincoln Educational Services Corporation (NASDAQ:LINC)

Key Points

• XTX Topco Ltd purchased 28,027 shares of Lincoln Educational Services Corporation, valued at approximately $445,000, which constitutes about 0.09% of the company's stock.
• Lincoln Educational Services recently reported earnings per share of $0.11, surpassing analysts' expectations of $0.04, and recorded revenue of $117.51 million for the quarter.
• Several analysts have upgraded Lincoln Educational Services, with price targets raised to as high as $26.00, and a majority rating it as a "buy."

XTX Topco Ltd bought a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,027 shares of the company's stock, valued at approximately $445,000. XTX Topco Ltd owned approximately 0.09% of Lincoln Educational Services as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LINC. Vanguard Group Inc. grew its holdings in shares of Lincoln Educational Services by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company's stock valued at $22,444,000 after purchasing an additional 14,772 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lincoln Educational Services by 190.5% in the fourth quarter. JPMorgan Chase & Co. now owns 115,177 shares of the company's stock valued at $1,822,000 after purchasing an additional 75,531 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Lincoln Educational Services in the fourth quarter valued at $382,000. Wells Fargo & Company MN lifted its position in Lincoln Educational Services by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company's stock worth $242,000 after buying an additional 3,338 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Lincoln Educational Services by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 212,923 shares of the company's stock worth $3,368,000 after buying an additional 2,195 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LINC. Rosenblatt Securities raised their price target on Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Northland Securities began coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price target for the company. Lake Street Capital raised their price target on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Barrington Research raised their price target on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $24.60.

Lincoln Educational Services Trading Up 0.9%

Shares of NASDAQ:LINC traded up $0.21 on Friday, hitting $23.75. 532,170 shares of the company's stock were exchanged, compared to its average volume of 216,850. Lincoln Educational Services Corporation has a 12 month low of $11.29 and a 12 month high of $24.99. The stock has a market capitalization of $750.33 million, a price-to-earnings ratio of 60.90, a price-to-earnings-growth ratio of 2.20 and a beta of 1.50. The business's 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $19.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.01.

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 for the quarter, topping the consensus estimate of $0.04 by $0.07. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. The business had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. Analysts anticipate that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lincoln Educational Services

In other news, Director James J. Burke, Jr. sold 5,000 shares of the firm's 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 transaction, the director owned 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Chad D. Nyce sold 6,200 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $22.93, for a total value of $142,166.00. Following the transaction, the chief operating officer owned 170,209 shares in the company, valued at approximately $3,902,892.37. This represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,200 shares of company stock worth $1,172,166. 13.60% of the stock is currently owned by insiders.

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.