Rice Hall James & Associates LLC lowered its position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,087 shares of the company’s stock after selling 19,061 shares during the quarter. Rice Hall James & Associates LLC owned 0.35% of Lincoln Educational Services worth $2,659,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Lincoln Educational Services during the first quarter valued at approximately $48,000. Raymond James Financial Inc. acquired a new stake in shares of Lincoln Educational Services during the second quarter valued at approximately $116,000. Tower Research Capital LLC TRC raised its holdings in shares of Lincoln Educational Services by 1,081.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,681 shares of the company’s stock valued at $131,000 after acquiring an additional 5,200 shares during the period. Legal & General Group Plc raised its holdings in shares of Lincoln Educational Services by 156.1% during the second quarter. Legal & General Group Plc now owns 5,740 shares of the company’s stock valued at $132,000 after acquiring an additional 3,499 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Lincoln Educational Services by 281.1% during the fourth quarter. State of Alaska Department of Revenue now owns 5,835 shares of the company’s stock valued at $139,000 after acquiring an additional 4,304 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.
Lincoln Educational Services Stock Performance
Shares of LINC opened at $45.91 on Wednesday. The company’s fifty day moving average is $45.04 and its 200-day moving average is $34.87. Lincoln Educational Services Corporation has a 12 month low of $17.29 and a 12 month high of $53.50. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 64.66, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.18.
Wall Street Analysts Forecast Growth
LINC has been the topic of a number of recent analyst reports. B. Riley Financial boosted their price target on shares of Lincoln Educational Services from $46.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Lincoln Educational Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Northland Securities set a $60.00 price target on shares of Lincoln Educational Services in a report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Lincoln Educational Services in a research note on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lincoln Educational Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.17.
Get Our Latest Stock Analysis on LINC
Insider Buying and Selling at Lincoln Educational Services
In related news, Director Kevin M. Carney sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.00, for a total transaction of $144,000.00. Following the completion of the sale, the director directly owned 25,039 shares of the company’s stock, valued at approximately $1,201,872. This represents a 10.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Burke, Jr. sold 16,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $49.54, for a total transaction of $792,640.00. Following the sale, the director directly owned 60,005 shares of the company’s stock, valued at approximately $2,972,647.70. This represents a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 95,070 shares of company stock worth $4,617,457. Company insiders own 12.80% of the company’s stock.
Lincoln Educational Services Company Profile
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.
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