Connor Clark & Lunn Investment Management Ltd. Grows Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 10.6% in the third quarter, Holdings Channel.com reports. The fund owned 105,364 shares of the company’s stock after purchasing an additional 10,081 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lincoln Educational Services were worth $1,258,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LINC. Vanguard Group Inc. boosted its holdings in shares of Lincoln Educational Services by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after purchasing an additional 136,334 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Lincoln Educational Services in the second quarter worth about $33,000. Secure Asset Management LLC bought a new position in Lincoln Educational Services during the second quarter valued at approximately $612,000. Calamos Advisors LLC purchased a new position in Lincoln Educational Services during the 2nd quarter valued at approximately $576,000. Finally, Bank of New York Mellon Corp increased its stake in Lincoln Educational Services by 19.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 97,580 shares of the company’s stock worth $1,157,000 after acquiring an additional 15,920 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Lincoln Educational Services Trading Up 0.7 %

Shares of LINC opened at $16.46 on Wednesday. The company’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $12.49. The company has a market cap of $518.16 million, a P/E ratio of 50.28, a P/E/G ratio of 1.99 and a beta of 1.41. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a twelve month low of $8.78 and a twelve month high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same period in the previous year, the business earned $0.11 EPS. As a group, analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LINC shares. Barrington Research raised their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 11th. B. Riley lifted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities upped their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Activity at Lincoln Educational Services

In other news, CFO Brian K. Meyers sold 7,487 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.32, for a total transaction of $114,700.84. Following the transaction, the chief financial officer now directly owns 226,323 shares of the company’s stock, valued at approximately $3,467,268.36. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.86, for a total value of $120,093.78. Following the completion of the sale, the insider now owns 867,017 shares of the company’s stock, valued at $14,617,906.62. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,912 shares of company stock worth $645,453 in the last quarter. 16.80% of the stock is owned by company insiders.

About Lincoln Educational Services

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.