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Lincoln Educational Services Co. (NASDAQ:LINC) Receives Average Recommendation of "Buy" from Analysts

Lincoln Educational Services logo with Consumer Discretionary background

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.60.

Several brokerages recently weighed in on LINC. 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 report on Tuesday, May 13th. Northland Securities initiated coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective on the stock. Rosenblatt Securities raised their price target on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Finally, B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th.

View Our Latest Research Report on Lincoln Educational Services

Lincoln Educational Services Stock Up 1.6%

Shares of NASDAQ LINC traded up $0.35 during mid-day trading on Friday, hitting $22.81. The company had a trading volume of 183,773 shares, compared to its average volume of 174,298. The company has a market capitalization of $720.64 million, a PE ratio of 71.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. Lincoln Educational Services has a 1-year low of $10.31 and a 1-year high of $24.20. The business's 50-day simple moving average is $19.95 and its 200 day simple moving average is $17.49.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The company had revenue of $117.51 million for the quarter, compared to analyst estimates of $114.55 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. On average, analysts predict that Lincoln Educational Services will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 10,000 shares of Lincoln Educational Services stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $21.40, for a total transaction of $214,000.00. Following the transaction, the director now owns 87,230 shares of the company's stock, valued at $1,866,722. The trade was a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carlton Rose sold 30,000 shares of Lincoln Educational Services stock in a transaction on Friday, May 30th. The shares were sold at an average price of $23.63, for a total transaction of $708,900.00. Following the completion of the transaction, the director now directly owns 15,295 shares in the company, valued at $361,420.85. The trade was a 66.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,200 shares of company stock worth $1,172,166 in the last ninety days. 13.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lincoln Educational Services

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in Lincoln Educational Services in the first quarter valued at $8,344,000. Alyeska Investment Group L.P. increased its position in Lincoln Educational Services by 43.1% in 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 acquiring an additional 338,495 shares during the period. Invesco Ltd. increased its position in Lincoln Educational Services by 485.7% in the 4th 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 period. Next Century Growth Investors LLC increased its position in Lincoln Educational Services by 17.9% in the 4th 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 during the period. Finally, Mackenzie Financial Corp acquired a new position in Lincoln Educational Services in the 1st quarter valued at about $1,421,000. 72.23% of the stock is owned by institutional investors and hedge funds.

About Lincoln Educational Services

(Get Free Report

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.

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Analyst Recommendations for Lincoln Educational Services (NASDAQ:LINC)

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