Manatuck Hill Partners LLC Boosts Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Manatuck Hill Partners LLC increased its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 229,200 shares of the company’s stock after purchasing an additional 20,200 shares during the period. Lincoln Educational Services accounts for about 1.5% of Manatuck Hill Partners LLC’s holdings, making the stock its 21st biggest holding. Manatuck Hill Partners LLC owned approximately 0.73% of Lincoln Educational Services worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LINC. Summit Investment Advisors Inc. lifted its stake in shares of Lincoln Educational Services by 39.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock worth $43,000 after purchasing an additional 775 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Lincoln Educational Services in the fourth quarter worth about $135,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Lincoln Educational Services in the fourth quarter worth about $171,000. Wells Fargo & Company MN lifted its stake in shares of Lincoln Educational Services by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 15,326 shares of the company’s stock worth $242,000 after acquiring an additional 3,338 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Lincoln Educational Services by 13.7% in the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company’s stock worth $245,000 after acquiring an additional 1,859 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LINC shares. Northland Capmk upgraded Lincoln Educational Services to a “strong-buy” rating in a research note on Thursday, April 24th. Northland Securities initiated coverage on Lincoln Educational Services in a research note on Thursday, April 24th. They set an “outperform” rating and a $24.00 price objective on the stock. B. Riley initiated coverage on Lincoln Educational Services in a research note on Friday, March 28th. They set a “buy” rating and a $23.00 price objective on the stock. Rosenblatt Securities upped their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of Lincoln Educational Services in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Lincoln Educational Services presently has an average rating of “Buy” and an average target price of $21.60.

Lincoln Educational Services Stock Up 2.1 %

NASDAQ:LINC opened at $17.25 on Friday. The firm has a market capitalization of $544.98 million, a PE ratio of 53.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.57. The stock has a 50 day moving average of $16.46 and a 200-day moving average of $15.88. Lincoln Educational Services Co. has a 52 week low of $10.06 and a 52 week high of $19.79. 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 (NASDAQ:LINC) last posted its earnings results on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $110.50 million. Analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current 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.