Lincoln Educational Services (NASDAQ:LINC) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) had its price objective increased by analysts at Rosenblatt Securities from $24.00 to $25.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities' price target would indicate a potential upside of 15.26% from the company's previous close.

Several other equities analysts have also weighed in on LINC. Barrington Research increased their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. B. Riley assumed coverage on Lincoln Educational Services in a research note on Friday, March 28th. They issued a "buy" rating and a $23.00 price target for the company. Northland Securities started coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They set an "outperform" rating and a $24.00 price objective on the stock. Finally, Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lincoln Educational Services has a consensus rating of "Buy" and an average price target of $24.60.

Lincoln Educational Services Trading Up 2.3%

NASDAQ LINC traded up $0.48 during trading hours on Tuesday, hitting $21.69. The company's stock had a trading volume of 374,294 shares, compared to its average volume of 158,951. The stock has a fifty day moving average of $17.10 and a 200 day moving average of $16.46. Lincoln Educational Services has a twelve month low of $10.06 and a twelve month high of $22.27. The firm has a market capitalization of $685.25 million, a P/E ratio of 67.78, a PEG ratio of 1.70 and a beta of 1.63. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The company 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 2.33% and a return on equity of 10.60%. Equities research analysts forecast that Lincoln Educational Services will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James J. Burke, Jr. sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the completion of the transaction, the director now directly owns 82,230 shares of the company's stock, valued at approximately $1,761,366.60. This represents a 5.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.60% of the stock is currently owned by company insiders.

Institutional Trading of Lincoln Educational Services

Hedge funds and other institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC boosted its position in shares of 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 during the period. Summit Investment Advisors Inc. grew its stake in shares of Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after acquiring an additional 775 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Lincoln Educational Services during the 4th quarter worth approximately $101,000. Aquatic Capital Management LLC acquired a new stake in shares of Lincoln Educational Services in the fourth quarter valued at approximately $135,000. Finally, Parallel Advisors LLC lifted its position in shares of Lincoln Educational Services by 20.3% in the first quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock worth $141,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

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.