Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $20.00 at B. Riley

Lincoln Educational Services (NASDAQ:LINC) had its price objective upped by B. Riley from $15.00 to $20.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

LINC has been the topic of a number of other reports. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of Lincoln Educational Services in a report on Friday, September 20th. Finally, Rosenblatt Securities upped their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 9th. 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, the company has an average rating of “Moderate Buy” and an average price target of $17.00.

Lincoln Educational Services Stock Up 8.7 %

LINC stock traded up $1.29 during midday trading on Thursday, hitting $16.20. 326,814 shares of the company’s stock were exchanged, compared to its average volume of 69,813. The stock has a market capitalization of $509.90 million, a price-to-earnings ratio of 62.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41. 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 firm has a 50 day moving average price of $12.52 and a 200-day moving average price of $12.12. Lincoln Educational Services has a 12-month low of $8.78 and a 12-month high of $16.24.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $99.60 million. On average, analysts anticipate that Lincoln Educational Services will post 0.51 EPS for the current year.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.04, for a total value of $27,330.80. Following the sale, the insider now owns 874,140 shares in the company, valued at approximately $10,524,645.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 40,819 shares of company stock valued at $490,481 in the last ninety days. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP bought a new position in Lincoln Educational Services in the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets boosted its holdings in shares of Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after acquiring an additional 4,217 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lincoln Educational Services in the third quarter valued at approximately $121,000. The Manufacturers Life Insurance Company acquired a new position in shares of Lincoln Educational Services during the second quarter valued at approximately $123,000. Finally, Rhumbline Advisers raised its holdings in Lincoln Educational Services by 36.0% during the second 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. 72.23% of the stock is currently owned by 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.