Lincoln Educational Services (NASDAQ:LINC) Given New $16.00 Price Target at Barrington Research

Lincoln Educational Services (NASDAQ:LINC) had its price target boosted by investment analysts at Barrington Research from $14.00 to $16.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 20.48% from the stock’s previous close.

LINC has been the subject of several other reports. Rosenblatt Securities restated a “buy” rating and set a $13.50 price target on shares of Lincoln Educational Services in a report on Monday, April 29th. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley lifted their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Lake Street Capital lifted their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.88.

Lincoln Educational Services Stock Performance

Shares of LINC stock opened at $13.28 on Wednesday. The stock has a fifty day moving average of $11.96 and a 200 day moving average of $10.82. Lincoln Educational Services has a 52 week low of $7.01 and a 52 week high of $14.52. The firm has a market capitalization of $417.52 million, a price-to-earnings ratio of 15.62, a PEG ratio of 1.96 and a beta of 1.41. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.18.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $103.37 million during the quarter, compared to analyst estimates of $97.30 million. Lincoln Educational Services had a return on equity of 9.79% and a net margin of 6.57%. As a group, research analysts expect that Lincoln Educational Services will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 25,010 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $11.75, for a total value of $293,867.50. Following the transaction, the insider now directly owns 246,299 shares of the company’s stock, valued at $2,894,013.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Gladius Capital Management LP purchased a new position in shares of Lincoln Educational Services during the 2nd quarter valued at about $33,000. Pullen Investment Management LLC lifted its position in shares of Lincoln Educational Services by 2.4% during the 2nd quarter. Pullen Investment Management LLC now owns 124,832 shares of the company’s stock valued at $1,481,000 after buying an additional 2,924 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Lincoln Educational Services by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after buying an additional 3,182 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of 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 in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Lincoln Educational Services by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock valued at $4,342,000 after buying an additional 5,832 shares in the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

About Lincoln Educational Services

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.