Lincoln Educational Services (NASDAQ:LINC) Hits New 1-Year High – Here’s Why

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC) hit a new 52-week high on Thursday . The stock traded as high as $31.49 and last traded at $29.84, with a volume of 533995 shares. The stock had previously closed at $30.13.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Lincoln Educational Services in a research report on Monday, December 1st. Wall Street Zen upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Sunday. B. Riley Financial increased their price target on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Finally, Griffin Securities set a $33.00 price target on shares of Lincoln Educational Services in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $29.00.

Lincoln Educational Services Stock Down 1.0%

The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $25.60 and a 200-day simple moving average of $22.58. The stock has a market cap of $943.54 million, a P/E ratio of 66.31, a PEG ratio of 2.39 and a beta of 0.97.

Insider Activity

In related news, Director Kevin M. Carney sold 13,866 shares of Lincoln Educational Services stock in a transaction on Friday, December 5th. The shares were sold at an average price of $22.18, for a total value of $307,547.88. Following the transaction, the director owned 24,823 shares in the company, valued at $550,574.14. This trade represents a 35.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Lincoln Educational Services in the third quarter worth about $35,000. Royal Bank of Canada grew its holdings in Lincoln Educational Services by 246.7% in the 4th quarter. Royal Bank of Canada now owns 1,536 shares of the company’s stock valued at $38,000 after buying an additional 1,093 shares during the last quarter. Strs Ohio acquired a new stake in Lincoln Educational Services in the 1st quarter valued at approximately $48,000. Stanley Laman Group Ltd. bought a new position in Lincoln Educational Services in the 3rd quarter worth approximately $49,000. Finally, State of Wyoming acquired a new position in shares of Lincoln Educational Services during the third quarter worth approximately $54,000. 72.23% of the stock is owned by institutional investors and hedge funds.

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.