Lincoln Educational Services (NASDAQ:LINC) Shares Down 6.5% - Here's What Happened

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) shares were down 6.5% on Monday . The stock traded as low as $19.81 and last traded at $19.56. Approximately 61,881 shares traded hands during trading, a decline of 60% from the average daily volume of 153,372 shares. The stock had previously closed at $20.92.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LINC shares. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Northland Securities initiated coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price target on the stock. Barrington Research upped their target price 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. Finally, Lake Street Capital upped their target price 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. One 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $24.60.

Lincoln Educational Services Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The firm has a market capitalization of $667.72 million, a P/E ratio of 66.05, a P/E/G ratio of 1.70 and a beta of 1.63. The stock's 50 day simple moving average is $16.86 and its 200 day simple moving average is $16.33.

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, topping analysts' consensus estimates of $0.04 by $0.07. The business had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. As a group, analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lincoln Educational Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP boosted its stake in Lincoln Educational Services by 157.4% in the first quarter. Trexquant Investment LP now owns 62,117 shares of the company's stock valued at $986,000 after acquiring an additional 37,980 shares in the last quarter. Next Century Growth Investors LLC raised its holdings in shares of Lincoln Educational Services by 11.3% during the first quarter. Next Century Growth Investors LLC now owns 738,923 shares of the company's stock worth $11,727,000 after purchasing an additional 74,775 shares during the last quarter. Jump Financial LLC purchased a new position in Lincoln Educational Services in the first quarter valued at $203,000. Hsbc Holdings PLC increased its holdings in Lincoln Educational Services by 54.1% in the first quarter. Hsbc Holdings PLC now owns 43,585 shares of the company's stock valued at $669,000 after buying an additional 15,299 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Lincoln Educational Services in the first quarter valued at about $8,344,000. 72.23% of the stock is currently 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.