Lincoln Educational Services Co. (NASDAQ:LINC) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 636,160 shares of the company’s stock after buying an additional 11,650 shares during the quarter. Geode Capital Management LLC’s holdings in Lincoln Educational Services were worth $7,598,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Lincoln Educational Services in the 3rd quarter worth approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Lincoln Educational Services in the second quarter valued at $123,000. Janus Henderson Group PLC acquired a new stake in shares of Lincoln Educational Services in the third quarter worth $144,000. Barclays PLC grew its holdings in shares of Lincoln Educational Services by 259.0% during the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after buying an additional 24,688 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Lincoln Educational Services by 36.0% in the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock worth $453,000 after acquiring an additional 10,095 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LINC. B. Riley lifted 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. StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barrington Research increased their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insiders Place Their Bets

In other news, major shareholder Juniper Investment Company, Ll sold 7,123 shares of Lincoln Educational Services 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 transaction, the insider now owns 867,017 shares of the company’s stock, valued at $14,617,906.62. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Meyers sold 8,939 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $15.26, for a total transaction of $136,409.14. Following the completion of the sale, the chief financial officer now owns 233,810 shares of the company’s stock, valued at $3,567,940.60. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 223,002 shares of company stock valued at $3,632,824 over the last three months. 16.80% of the stock is currently owned by insiders.

Lincoln Educational Services Trading Down 3.5 %

Shares of NASDAQ LINC opened at $15.27 on Friday. The stock has a market cap of $480.68 million, a price-to-earnings ratio of 47.72, a PEG ratio of 1.98 and a beta of 1.47. The business has a 50 day simple moving average of $15.49 and a 200 day simple moving average of $13.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. Lincoln Educational Services Co. has a 52 week low of $8.91 and a 52 week high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly 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 return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. During the same quarter last year, the company earned $0.11 EPS. On average, research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

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.