Lincoln Educational Services (NASDAQ:LINC) Reaches New 52-Week High – Here’s Why

Lincoln Educational Services Corporation (NASDAQ:LINC) hit a new 52-week high during trading on Friday . The company traded as high as $29.56 and last traded at $29.0510, with a volume of 368319 shares trading hands. The stock had previously closed at $27.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. B. Riley Financial increased their price objective on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Griffin Securities set a $33.00 price target on shares of Lincoln Educational Services in a research report on Tuesday, January 27th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Lincoln Educational Services in a report on Monday, December 1st. Wall Street Zen lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings upgraded Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $29.00.

Lincoln Educational Services Price Performance

The stock has a fifty day moving average of $25.01 and a two-hundred day moving average of $22.40. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $946.70 million, a price-to-earnings ratio of 66.32, a PEG ratio of 2.14 and a beta of 0.97.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%.The company had revenue of $141.39 million during the quarter, compared to analyst estimates of $129.85 million. As a group, equities research analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $22.18, for a total value of $307,547.88. Following the completion of the transaction, the director directly owned 24,823 shares of the company’s stock, valued at approximately $550,574.14. The trade was a 35.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. McIlrath & Eck LLC boosted its position in Lincoln Educational Services by 24.2% in the 3rd quarter. McIlrath & Eck LLC now owns 2,815 shares of the company’s stock valued at $66,000 after buying an additional 548 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lincoln Educational Services by 3.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,235 shares of the company’s stock valued at $374,000 after acquiring an additional 578 shares during the period. Intech Investment Management LLC boosted its holdings in Lincoln Educational Services by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 9,641 shares of the company’s stock valued at $233,000 after acquiring an additional 586 shares during the last quarter. Empowered Funds LLC increased its position in Lincoln Educational Services by 1.9% in 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. Finally, Franklin Resources Inc. raised its holdings in Lincoln Educational Services by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 19,873 shares of the company’s stock worth $467,000 after purchasing an additional 937 shares during the last quarter. 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.