Lincoln Educational Services (NASDAQ:LINC) Director Kevin Carney Sells 7,604 Shares

Lincoln Educational Services Corporation (NASDAQ:LINC) Director Kevin Carney sold 7,604 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.64, for a total value of $172,154.56. Following the completion of the sale, the director directly owned 38,689 shares in the company, valued at approximately $875,918.96. The trade was a 16.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Lincoln Educational Services Price Performance

Shares of LINC stock traded down $0.41 during trading hours on Friday, hitting $22.28. 175,011 shares of the company’s stock were exchanged, compared to its average volume of 253,774. Lincoln Educational Services Corporation has a fifty-two week low of $14.10 and a fifty-two week high of $25.76. The firm has a market cap of $704.49 million, a P/E ratio of 49.51, a P/E/G ratio of 1.84 and a beta of 1.00. 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 firm has a 50 day moving average of $21.26 and a two-hundred day moving average of $21.58.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. The company had revenue of $141.39 million during the quarter, compared to analyst estimates of $129.85 million. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. Sell-side analysts forecast that Lincoln Educational Services Corporation will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $27.00 price target on shares of Lincoln Educational Services in a research report on Monday. Zacks Research upgraded Lincoln Educational Services to a “hold” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Lincoln Educational Services in a research report on Wednesday, October 8th. Rosenblatt Securities lifted their price target on Lincoln Educational Services from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Institutional Trading of Lincoln Educational Services

A number of hedge funds and other institutional investors have recently modified their holdings of LINC. McIlrath & Eck LLC boosted its stake in Lincoln Educational Services by 24.2% during the third quarter. McIlrath & Eck LLC now owns 2,815 shares of the company’s stock worth $66,000 after buying an additional 548 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Lincoln Educational Services by 3.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,235 shares of the company’s stock worth $374,000 after acquiring an additional 578 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Lincoln Educational Services by 1.9% during the 1st 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. Informed Momentum Co LLC increased its holdings in Lincoln Educational Services by 1.9% in the 1st quarter. Informed Momentum Co LLC now owns 48,920 shares of the company’s stock valued at $776,000 after purchasing an additional 915 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Lincoln Educational Services by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 19,873 shares of the company’s stock valued at $467,000 after purchasing an additional 937 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

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.