Lincoln Educational Services Co. (NASDAQ:LINC) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 259.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,220 shares of the company’s stock after buying an additional 24,688 shares during the period. Barclays PLC’s holdings in Lincoln Educational Services were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LINC. Bank of New York Mellon Corp lifted its stake in shares of Lincoln Educational Services by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 97,580 shares of the company’s stock worth $1,157,000 after buying an additional 15,920 shares in the last quarter. 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 purchasing an additional 10,095 shares in the last quarter. Weil Company Inc. boosted its holdings in shares of Lincoln Educational Services by 12.3% during the 2nd quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock worth $488,000 after purchasing an additional 4,500 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Lincoln Educational Services by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 118,177 shares of the company’s stock worth $1,402,000 after purchasing an additional 20,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Lincoln Educational Services by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after purchasing an additional 50,737 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

Insider Activity

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $16.86, for a total transaction of $120,093.78. Following the sale, the insider now directly owns 867,017 shares in the company, valued at $14,617,906.62. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Plater sold 10,471 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.41, for a total transaction of $161,358.11. Following the completion of the transaction, the director now directly owns 31,608 shares of the company’s stock, valued at approximately $487,079.28. The trade was a 24.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,002 shares of company stock valued at $3,632,824. Company insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LINC. Barrington Research boosted their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. B. Riley lifted their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Price Performance

LINC stock opened at $15.40 on Friday. Lincoln Educational Services Co. has a 52-week low of $8.91 and a 52-week high of $18.74. 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 stock has a market cap of $484.78 million, a price-to-earnings ratio of 48.13, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The business has a fifty day moving average of $15.55 and a two-hundred day moving average of $13.39.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $0.11 earnings per share. As a group, research analysts anticipate that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Lincoln Educational Services 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.