Lincoln Educational Services’ (LINC) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Lincoln Educational Services (NASDAQ:LINC) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $22.00 price target on the stock.

Separately, Rosenblatt Securities upped their price target on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Lincoln Educational Services Stock Performance

Shares of LINC stock opened at $15.61 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The company has a market cap of $493.17 million, a PE ratio of 48.78, a PEG ratio of 1.70 and a beta of 1.61. Lincoln Educational Services has a 12-month low of $9.51 and a 12-month high of $19.79. The business’s fifty day simple moving average is $16.53 and its 200-day simple moving average is $15.03.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Monday, February 24th. The company reported $0.31 EPS 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 company had revenue of $119.37 million during the quarter, compared to analysts’ expectations of $110.50 million. Analysts expect that Lincoln Educational Services will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Lincoln Educational Services

Several large investors have recently made changes to their positions in LINC. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lincoln Educational Services by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock valued at $1,258,000 after purchasing an additional 10,081 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Lincoln Educational Services by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock worth $895,000 after buying an additional 2,545 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Lincoln Educational Services during the third quarter worth about $144,000. Needham Investment Management LLC raised 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 in the last quarter. Finally, State Street Corp lifted its holdings in Lincoln Educational Services by 3.0% in the third quarter. State Street Corp now owns 440,136 shares of the company’s stock valued at $5,255,000 after acquiring an additional 12,938 shares during the period. 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.