Lincoln Educational Services (NASDAQ:LINC) Shares Cross Above 200 Day Moving Average - Time to Sell?

Lincoln Educational Services Corporation (NASDAQ:LINC - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.48 and traded as high as $22.94. Lincoln Educational Services shares last traded at $22.80, with a volume of 157,391 shares.

Analysts Set New Price Targets

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

Lincoln Educational Services Price Performance

The company's fifty day moving average is $22.49 and its two-hundred day moving average is $18.61. The firm has a market capitalization of $724.74 million, a price-to-earnings ratio of 58.82, a price-to-earnings-growth ratio of 2.13 and a beta of 1.58. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued 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 net margin of 2.65% and a return on equity of 10.88%. The company had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. Equities research analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, Director Carlton Rose sold 30,000 shares of the 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 in the company, valued at $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chad D. Nyce sold 6,200 shares of the 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 completion of the sale, the chief operating officer owned 170,209 shares of the company's stock, 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 90 days, insiders sold 51,200 shares of company stock valued at $1,172,166. Corporate insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Lincoln Educational Services

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Lincoln Educational Services during the 1st quarter valued at approximately $8,344,000. Alyeska Investment Group L.P. boosted its position in Lincoln Educational Services by 43.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock worth $17,768,000 after buying an additional 338,495 shares during the period. Invesco Ltd. boosted its position in Lincoln Educational Services by 485.7% during the 4th quarter. Invesco Ltd. now owns 295,032 shares of the company's stock worth $4,667,000 after buying an additional 244,657 shares during the period. Next Century Growth Investors LLC boosted its position in Lincoln Educational Services by 17.9% during the 4th quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company's stock worth $10,507,000 after buying an additional 100,963 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Lincoln Educational Services during the 1st quarter worth approximately $1,421,000. 72.23% of the stock is owned by institutional investors.

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.