Lincoln Educational Services (NASDAQ:LINC) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a buy rating to a hold rating in a report released on Monday morning.

Other equities analysts have also recently issued reports about the stock. Lake Street Capital lifted 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. Rosenblatt Securities lifted their price target on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a buy rating in a research report on Friday, August 9th. B. Riley upped their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Finally, Barrington Research reiterated an outperform rating and issued a $16.00 target price on shares of Lincoln Educational Services in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lincoln Educational Services has an average rating of Moderate Buy and a consensus target price of $15.75.

Lincoln Educational Services Price Performance

NASDAQ:LINC opened at $11.92 on Monday. The business’s 50-day moving average is $12.18 and its 200 day moving average is $11.12. Lincoln Educational Services has a 12 month low of $7.88 and a 12 month high of $14.52. The company has a market capitalization of $374.81 million, a P/E ratio of 14.02, a P/E/G ratio of 1.84 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 25,010 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $11.75, for a total transaction of $293,867.50. Following the completion of the transaction, the insider now owns 246,299 shares in the company, valued at $2,894,013.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 65,829 shares of company stock valued at $784,349 in the last ninety days. 16.80% of the stock is owned by company insiders.

Institutional Trading of Lincoln Educational Services

Several institutional investors and hedge funds have recently made changes to their positions in LINC. Herr Investment Group LLC increased its stake in Lincoln Educational Services by 3.9% in the 1st quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock worth $24,335,000 after buying an additional 88,335 shares during the period. Vanguard Group Inc. increased its position in shares of Lincoln Educational Services by 11.3% during the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after acquiring an additional 136,334 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Lincoln Educational Services by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after acquiring an additional 50,737 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Lincoln Educational Services by 12.6% in the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after purchasing an additional 72,400 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors.

About Lincoln Educational Services

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.