State Street Corp Has $5.26 Million Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

State Street Corp raised its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 3.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 440,136 shares of the company’s stock after purchasing an additional 12,938 shares during the period. State Street Corp’s holdings in Lincoln Educational Services were worth $5,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Lincoln Educational Services during the third quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lincoln Educational Services during the 2nd quarter worth about $123,000. Janus Henderson Group PLC bought a new position in Lincoln Educational Services during the 3rd quarter valued at about $144,000. Rhumbline Advisers boosted its position in Lincoln Educational Services by 36.0% in the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after buying an additional 10,095 shares in the last quarter. Finally, Weil Company Inc. grew its stake in Lincoln Educational Services by 12.3% during the second quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock worth $488,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock opened at $15.42 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $13.25. Lincoln Educational Services Co. has a fifty-two week low of $8.91 and a fifty-two week high of $18.74. The firm has a market cap of $485.41 million, a P/E ratio of 48.19, a P/E/G ratio of 1.98 and a beta of 1.47.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same period last year, the business posted $0.11 earnings per share. Sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LINC has been the topic of several recent analyst reports. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barrington Research increased their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, B. Riley raised their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Insiders Place Their Bets

In related news, CFO Brian K. Meyers sold 6,892 shares of Lincoln Educational Services stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total transaction of $112,890.96. Following the completion of the sale, the chief financial officer now directly owns 266,133 shares of the company’s stock, valued at $4,359,258.54. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Plater sold 10,471 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.41, for a total value of $161,358.11. Following the completion of the sale, the director now owns 31,608 shares of the company’s stock, valued at $487,079.28. This represents a 24.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 223,002 shares of company stock valued at $3,632,824. 16.80% of the stock is currently owned by insiders.

Lincoln Educational Services 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.