Bank of New York Mellon Corp Sells 5,873 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Bank of New York Mellon Corp lowered its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,556 shares of the company’s stock after selling 5,873 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lincoln Educational Services were worth $1,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Needham Investment Management LLC increased its position in Lincoln Educational Services by 71.4% during the third quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock valued at $7,164,000 after acquiring an additional 250,000 shares during the last quarter. JPMorgan Chase & Co. boosted 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 during the period. Calamos Advisors LLC grew its holdings in Lincoln Educational Services by 38.7% during the 4th quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock valued at $1,450,000 after purchasing an additional 25,560 shares during the last quarter. Barclays PLC raised its position in Lincoln Educational Services by 259.0% in the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after purchasing an additional 24,688 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Lincoln Educational Services in the fourth quarter worth about $288,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Stock Performance

Shares of NASDAQ:LINC opened at $15.78 on Tuesday. Lincoln Educational Services Co. has a one year low of $9.51 and a one year high of $19.79. The firm has a market cap of $498.54 million, a PE ratio of 49.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.61. The firm’s 50 day simple moving average is $16.52 and its 200-day simple moving average is $15.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $119.37 million during the quarter, compared to analyst estimates of $110.50 million. As a group, equities analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

LINC has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $20.00 target price on shares of Lincoln Educational Services in a research note on Wednesday, February 19th. 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 report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.75.

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.