Lincoln Educational Services (NASDAQ:LINC) Given New $33.00 Price Target at Barrington Research

Lincoln Educational Services (NASDAQ:LINC) had its target price upped by Barrington Research from $27.00 to $33.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

LINC has been the subject of a number of other reports. B. Riley Financial raised their target price on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings raised Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Northland Securities set a $28.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, January 7th. Finally, Griffin Securities set a $33.00 price objective on shares of Lincoln Educational Services in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.00.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $31.11 on Thursday. The firm’s 50 day moving average is $25.78 and its two-hundred day moving average is $22.64. The firm has a market capitalization of $983.70 million, a P/E ratio of 69.13, a PEG ratio of 2.37 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. Lincoln Educational Services has a 52 week low of $14.10 and a 52 week high of $31.49.

Insiders Place Their Bets

In other news, Director Kevin M. Carney sold 13,866 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $22.18, for a total transaction of $307,547.88. Following the completion of the sale, the director directly owned 24,823 shares of the company’s stock, valued at $550,574.14. This trade represents a 35.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LINC. AQR Capital Management LLC acquired a new position in Lincoln Educational Services during the first quarter worth $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Lincoln Educational Services by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,657 shares of the company’s stock valued at $248,000 after acquiring an additional 681 shares during the last quarter. Empowered Funds LLC boosted its position in Lincoln Educational Services by 1.9% during the first quarter. Empowered Funds LLC now owns 47,648 shares of the company’s stock worth $756,000 after purchasing an additional 879 shares during the period. Strs Ohio acquired a new position in Lincoln Educational Services during the first quarter valued at approximately $48,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lincoln Educational Services by 32.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 191,759 shares of the company’s stock valued at $4,420,000 after purchasing an additional 46,913 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

About Lincoln Educational Services

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.