XTX Topco Ltd Takes $445,000 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 acquired a new position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,027 shares of the company's stock, valued at approximately $445,000. XTX Topco Ltd owned about 0.09% of Lincoln Educational Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LINC. GAMMA Investing LLC boosted its position in Lincoln Educational Services by 1,952.6% during the first quarter. GAMMA Investing LLC now owns 11,823 shares of the company's stock worth $188,000 after purchasing an additional 11,247 shares during the period. Millennium Management LLC bought a new stake in Lincoln Educational Services during the fourth quarter worth approximately $288,000. Calamos Advisors LLC boosted its position in Lincoln Educational Services by 19.4% during the first quarter. Calamos Advisors LLC now owns 109,369 shares of the company's stock worth $1,736,000 after purchasing an additional 17,740 shares during the period. North Star Investment Management Corp. boosted its position in Lincoln Educational Services by 24.0% during the first quarter. North Star Investment Management Corp. now owns 106,275 shares of the company's stock worth $1,687,000 after purchasing an additional 20,575 shares during the period. Finally, Northern Trust Corp boosted its position in Lincoln Educational Services by 6.7% during the fourth quarter. Northern Trust Corp now owns 236,988 shares of the company's stock worth $3,749,000 after purchasing an additional 14,877 shares during the period. Institutional investors and hedge funds own 72.23% of the company's stock.

Insider Activity

In other news, COO Chad D. Nyce sold 6,200 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $22.93, for a total value of $142,166.00. Following the completion of the sale, the chief operating officer directly owned 170,209 shares in the company, valued at approximately $3,902,892.37. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carlton Rose sold 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $23.63, for a total value of $708,900.00. Following the completion of the sale, the director owned 15,295 shares of the company's stock, valued at approximately $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. 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. 16.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LINC has been the subject of several research reports. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Northland Capmk raised Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Barrington Research increased their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Rosenblatt Securities increased their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Northland Securities initiated coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $24.60.

Lincoln Educational Services Price Performance

Lincoln Educational Services stock traded down $1.16 during mid-day trading on Tuesday, hitting $19.02. 405,177 shares of the company were exchanged, compared to its average volume of 252,043. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $22.73 and a 200 day moving average of $19.47. Lincoln Educational Services Corporation has a 1-year low of $11.29 and a 1-year high of $25.76. The company has a market capitalization of $600.68 million, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.20 and a beta of 1.50.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings data 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. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. The firm had revenue of $117.51 million during the quarter, compared to analyst estimates of $114.55 million. As a group, sell-side analysts expect 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.