Barrington Research Forecasts Strong Price Appreciation for Lincoln Educational Services (NASDAQ:LINC) Stock

Lincoln Educational Services (NASDAQ:LINC) had its price target upped by equities research analysts at Barrington Research from $16.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 19.19% from the company’s current price.

A number of other equities analysts have also recently weighed in on LINC. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. B. Riley increased their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday. Finally, Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Stock Up 3.6 %

LINC traded up $0.58 on Monday, hitting $16.78. The company had a trading volume of 296,832 shares, compared to its average volume of 109,462. Lincoln Educational Services has a 12-month low of $8.78 and a 12-month high of $18.74. The stock has a market capitalization of $528.23 million, a price-to-earnings ratio of 64.54, a P/E/G ratio of 2.12 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78. The stock has a fifty day moving average price of $12.52 and a 200-day moving average price of $12.13.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. Lincoln Educational Services had a net margin of 1.95% and a return on equity of 10.38%. The business had revenue of $102.91 million during the quarter, compared to the consensus estimate of $99.60 million. Analysts predict that Lincoln Educational Services will post 0.51 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.04, for a total value of $27,330.80. Following the sale, the insider now owns 874,140 shares of the company’s stock, valued at $10,524,645.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 38,912 shares of company stock worth $467,597. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

Large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its position in Lincoln Educational Services by 13.6% during the 1st quarter. First Eagle Investment Management LLC now owns 613,097 shares of the company’s stock worth $6,333,000 after acquiring an additional 73,321 shares during the period. Vanguard Group Inc. raised its holdings in Lincoln Educational Services by 11.3% during the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after purchasing an additional 136,334 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Lincoln Educational Services by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after purchasing an additional 72,400 shares in the last quarter. Secure Asset Management LLC acquired a new position in Lincoln Educational Services during the 2nd quarter worth approximately $612,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at approximately $576,000. Institutional investors and hedge funds own 72.23% of the company’s stock.

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.