Renaissance Technologies LLC Acquires 42,000 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Renaissance Technologies LLC boosted its holdings in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 690,378 shares of the company's stock after acquiring an additional 42,000 shares during the quarter. Renaissance Technologies LLC owned 2.19% of Lincoln Educational Services worth $10,922,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Lincoln Educational Services by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company's stock worth $22,444,000 after buying an additional 14,772 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Lincoln Educational Services by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 833,093 shares of the company's stock valued at $13,180,000 after acquiring an additional 41,442 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lincoln Educational Services by 1.9% during the third quarter. Geode Capital Management LLC now owns 636,160 shares of the company's stock valued at $7,598,000 after acquiring an additional 11,650 shares during the period. State Street Corp boosted its stake in shares of Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company's stock valued at $5,255,000 after purchasing an additional 12,938 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Lincoln Educational Services by 485.7% in the 4th quarter. Invesco Ltd. now owns 295,032 shares of the company's stock worth $4,667,000 after purchasing an additional 244,657 shares during the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barrington Research restated an "outperform" rating and issued a $22.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, March 26th. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, B. Riley began coverage on Lincoln Educational Services in a report on Friday, March 28th. They set a "buy" rating and a $23.00 price target for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $21.00.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC traded up $0.57 during trading on Tuesday, reaching $17.04. The company had a trading volume of 120,995 shares, compared to its average volume of 147,554. Lincoln Educational Services Co. has a 52 week low of $9.80 and a 52 week high of $19.79. 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 business's 50 day moving average price is $16.53 and its 200-day moving average price is $15.65. The stock has a market cap of $538.34 million, a PE ratio of 53.25, a PEG ratio of 1.70 and a beta of 1.57.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The firm had revenue of $119.37 million during the quarter, compared to analysts' expectations of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. Analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current 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.