Key Points
- Director Kevin Carney sold 7,604 shares on December 4 at an average price of $22.64 for $172,154.56, cutting his ownership by 16.43% to 38,689 shares (valued at about $875,919).
- Lincoln Educational beat quarterly expectations on November 10, reporting EPS of $0.20 versus $0.12 expected and revenue of $141.39 million versus $129.85 million, with analysts forecasting about 0.54 EPS for the year.
- The stock trades around $22.28 (12‑month range $14.10–$25.76) with a market cap of roughly $704 million and an average analyst consensus of a “Moderate Buy” and a $25.40 price target.
Lincoln Educational Services Corporation (NASDAQ:LINC - Get Free Report) Director Kevin Carney sold 7,604 shares of Lincoln Educational Services stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.64, for a total value of $172,154.56. Following the completion of the sale, the director directly owned 38,689 shares of the company's stock, valued at $875,918.96. The trade was a 16.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Lincoln Educational Services Price Performance
LINC stock opened at $22.28 on Friday. The business's fifty day moving average price is $21.26 and its 200 day moving average price is $21.58. Lincoln Educational Services Corporation has a 12-month low of $14.10 and a 12-month high of $25.76. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $704.49 million, a PE ratio of 49.51, a P/E/G ratio of 1.84 and a beta of 1.00.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.08. The company had revenue of $141.39 million during the quarter, compared to analysts' expectations of $129.85 million. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%. On average, sell-side analysts anticipate that Lincoln Educational Services Corporation will post 0.54 EPS for the current year.
Institutional Investors Weigh In On Lincoln Educational Services
A number of hedge funds and other institutional investors have recently modified their holdings of LINC. State of Alaska Department of Revenue acquired a new position in shares of Lincoln Educational Services during the third quarter worth $35,000. Strs Ohio acquired a new stake in Lincoln Educational Services in the first quarter valued at $48,000. Stanley Laman Group Ltd. purchased a new stake in Lincoln Educational Services during the 3rd quarter worth about $49,000. State of Wyoming acquired a new position in shares of Lincoln Educational Services during the 3rd quarter worth about $54,000. Finally, McIlrath & Eck LLC increased its holdings in shares of Lincoln Educational Services by 24.2% in the 3rd quarter. McIlrath & Eck LLC now owns 2,815 shares of the company's stock valued at $66,000 after acquiring an additional 548 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on LINC shares. Barrington Research restated an "outperform" rating and issued a $27.00 price objective on shares of Lincoln Educational Services in a report on Monday, December 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of Lincoln Educational Services in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Lincoln Educational Services to a "hold" rating in a research note on Friday, August 8th. Wall Street Zen lowered Lincoln Educational Services from a "buy" rating to a "hold" rating in a report on Saturday, November 29th. Finally, Rosenblatt Securities upped their price target on Lincoln Educational Services from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.40.
View Our Latest Analysis on LINC
Lincoln Educational Services Company Profile
(
Get Free Report)
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.
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