Brokerages Set Lincoln Educational Services Corporation (NASDAQ:LINC) PT at $24.60

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Get Free Report) have earned an average recommendation of "Buy" from the six research firms that are covering the stock, MarketBeat.com 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 1 year price objective among brokerages that have covered the stock in the last year is $24.60.

A number of research firms have issued reports on LINC. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Barrington Research lifted their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Rosenblatt Securities lifted 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. Finally, Lake Street Capital lifted their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th.

Insider Buying and Selling

In related news, COO Chad D. Nyce sold 6,200 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $22.93, for a total transaction of $142,166.00. Following the transaction, the chief operating officer owned 170,209 shares of the company's stock, valued at approximately $3,902,892.37. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carlton Rose sold 30,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $23.63, for a total transaction of $708,900.00. Following the transaction, the director directly owned 15,295 shares in the company, valued at $361,420.85. This trade represents a 66.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,200 shares of company stock valued at $1,172,166. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lincoln Educational Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lincoln Educational Services by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after buying an additional 643 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Lincoln Educational Services by 39.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after buying an additional 775 shares in the last quarter. Empowered Funds LLC boosted its stake in Lincoln Educational Services by 1.9% during the first quarter. Empowered Funds LLC now owns 47,648 shares of the company's stock worth $756,000 after buying an additional 879 shares in the last quarter. Informed Momentum Co LLC boosted its stake in Lincoln Educational Services by 1.9% during the first quarter. Informed Momentum Co LLC now owns 48,920 shares of the company's stock worth $776,000 after buying an additional 915 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its stake in Lincoln Educational Services by 156.4% during the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock worth $36,000 after buying an additional 1,383 shares in the last quarter. Institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Price Performance

Shares of LINC traded down $0.08 during mid-day trading on Tuesday, hitting $22.55. The company's stock had a trading volume of 221,333 shares, compared to its average volume of 182,186. Lincoln Educational Services has a fifty-two week low of $11.22 and a fifty-two week high of $24.20. The firm has a 50-day moving average price of $21.71 and a 200 day moving average price of $18.20. The stock has a market capitalization of $712.35 million, a price-to-earnings ratio of 57.82, a PEG ratio of 2.13 and a beta of 1.58. 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 posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $117.51 million during the quarter, compared to analysts' expectations of $114.55 million. Lincoln Educational Services had a net margin of 2.65% and a return on equity of 10.88%. On average, research analysts predict that Lincoln Educational Services will post 0.54 EPS for the current fiscal 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.