Acadian Asset Management LLC Decreases Stock Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Acadian Asset Management LLC lessened its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,264 shares of the company’s stock after selling 11,410 shares during the period. Acadian Asset Management LLC’s holdings in Lincoln Educational Services were worth $1,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LINC. Gladius Capital Management LP purchased a new stake in Lincoln Educational Services during the 2nd quarter valued at $33,000. New York State Common Retirement Fund raised its holdings in Lincoln Educational Services by 1,513.5% during the 4th quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after buying an additional 8,067 shares during the period. BNP Paribas Financial Markets raised its holdings in Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the period. Rhumbline Advisers raised its holdings in Lincoln Educational Services by 36.0% during the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after buying an additional 10,095 shares during the period. Finally, Weil Company Inc. raised its holdings in Lincoln Educational Services by 12.3% during the 2nd quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock valued at $488,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.04, for a total transaction of $27,330.80. Following the transaction, the insider now owns 874,140 shares of the company’s stock, valued at approximately $10,524,645.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 40,819 shares of company stock valued at $490,481. 16.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LINC shares. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Rosenblatt Securities upped their price objective on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Lincoln Educational Services in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Lincoln Educational Services Price Performance

LINC opened at $12.41 on Monday. Lincoln Educational Services Co. has a 12-month low of $7.88 and a 12-month high of $14.52. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $11.38. The company has a market capitalization of $390.22 million, a price-to-earnings ratio of 14.60, a PEG ratio of 1.55 and a beta of 1.42.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. The business had revenue of $102.91 million for the quarter, compared to the consensus estimate of $99.60 million. On average, equities research analysts anticipate that Lincoln Educational Services Co. will post 0.51 earnings per share for the current fiscal 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.