Royce & Associates LP Has $5.02 Million Stock Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Royce & Associates LP lowered its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 317,584 shares of the company’s stock after selling 5,000 shares during the period. Royce & Associates LP owned 1.01% of Lincoln Educational Services worth $5,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LINC. Needham Investment Management LLC raised its stake in shares of Lincoln Educational Services by 71.4% during the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock worth $7,164,000 after purchasing an additional 250,000 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Lincoln Educational Services by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 833,093 shares of the company’s stock worth $13,180,000 after purchasing an additional 41,442 shares in the last quarter. AMH Equity Ltd raised its stake in shares of Lincoln Educational Services by 60.0% during the 4th quarter. AMH Equity Ltd now owns 80,000 shares of the company’s stock worth $1,266,000 after purchasing an additional 30,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lincoln Educational Services by 248.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company’s stock worth $473,000 after purchasing an additional 28,275 shares in the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Lincoln Educational Services by 38.7% during the 4th quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock worth $1,450,000 after purchasing an additional 25,560 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Trading Up 3.9 %

Shares of Lincoln Educational Services stock opened at $15.55 on Thursday. The business has a fifty day simple moving average of $16.46 and a two-hundred day simple moving average of $14.90. Lincoln Educational Services Co. has a 1 year low of $9.51 and a 1 year high of $19.79. The company has a market capitalization of $491.27 million, a price-to-earnings ratio of 48.60, a P/E/G ratio of 1.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $119.37 million during the quarter, compared to the consensus estimate of $110.50 million. Research analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LINC. Rosenblatt Securities upped their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Barrington Research reaffirmed an “outperform” rating and set a $20.00 price target on shares of Lincoln Educational Services in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and an average target price of $19.75.

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.