Lincoln Educational Services (NASDAQ:LINC) Stock Crosses Above 200-Day Moving Average – Here’s Why

Lincoln Educational Services Co. (NASDAQ:LINC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.19 and traded as high as $15.76. Lincoln Educational Services shares last traded at $15.42, with a volume of 130,326 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barrington Research increased their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. 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 report on Thursday, November 7th. Finally, StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Price Performance

The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $485.41 million, a price-to-earnings ratio of 48.19, a PEG ratio of 1.98 and a beta of 1.47. The stock’s 50-day simple moving average is $15.18 and its two-hundred day simple moving average is $13.19.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share (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 firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Lincoln Educational Services

In other news, CFO Brian K. Meyers sold 6,892 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 266,133 shares in the company, valued at $4,359,258.54. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the 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 completion of the sale, the insider now directly owns 867,017 shares of the company’s stock, valued at approximately $14,617,906.62. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,002 shares of company stock worth $3,632,824. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Lincoln Educational Services by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after buying an additional 50,737 shares during the period. First Eagle Investment Management LLC raised its position in Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the period. Renaissance Technologies LLC lifted its stake in shares of 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lincoln Educational Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock worth $7,598,000 after purchasing an additional 11,650 shares during the period. Finally, Needham Investment Management LLC increased its position 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 during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

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.