First Eagle Investment Management LLC Acquires 65,982 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

First Eagle Investment Management LLC lifted its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 539,776 shares of the company's stock after purchasing an additional 65,982 shares during the quarter. First Eagle Investment Management LLC owned 1.72% of Lincoln Educational Services worth $5,419,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Lincoln Educational Services by 27.2% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 506,990 shares of the company's stock valued at $4,284,000 after purchasing an additional 108,550 shares in the last quarter. EAM Investors LLC acquired a new stake in Lincoln Educational Services in the third quarter valued at about $1,752,000. Bank of New York Mellon Corp grew its position in Lincoln Educational Services by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company's stock valued at $1,114,000 after acquiring an additional 1,239 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Lincoln Educational Services by 157.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,251 shares of the company's stock worth $306,000 after acquiring an additional 22,193 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Lincoln Educational Services in the third quarter worth about $221,000. Institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Trading Down 1.0 %

LINC stock traded down $0.12 during midday trading on Friday, hitting $11.77. The stock had a trading volume of 159,365 shares, compared to its average volume of 127,300. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18. The firm has a market cap of $370.05 million, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The business has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $9.90. Lincoln Educational Services Co. has a 1-year low of $5.99 and a 1-year high of $13.05.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. Lincoln Educational Services had a net margin of 6.57% and a return on equity of 9.79%. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, sell-side analysts predict that Lincoln Educational Services Co. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on LINC shares. Rosenblatt Securities reissued a "buy" rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a research note on Monday, April 29th. StockNews.com lowered Lincoln Educational Services from a "buy" rating to a "hold" rating in a research note on Wednesday, May 8th. Barrington Research raised their price objective on shares of Lincoln Educational Services from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Monday, May 6th. B. Riley raised their price target on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. Finally, Lake Street Capital boosted their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.38.

Insider Activity at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total value of $1,717,966.96. Following the transaction, the insider now owns 1,436,631 shares in the company, valued at $14,553,072.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the transaction, the insider now directly owns 1,436,631 shares of the company's stock, valued at $14,553,072.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Barry Morrow sold 5,252 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the transaction, the director now owns 122,911 shares in the company, valued at $1,238,942.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 583,692 shares of company stock valued at $5,858,793. 16.80% of the stock is owned by company insiders.

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.