Lincoln Educational Services (NASDAQ:LINC) Sets New 1-Year High – Here’s Why
by Kim Johansen · The Markets DailyLincoln Educational Services Corporation (NASDAQ:LINC – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.14 and last traded at $27.2230, with a volume of 328028 shares trading hands. The stock had previously closed at $25.43.
Analyst Upgrades and Downgrades
LINC has been the subject of several research reports. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Lincoln Educational Services in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln Educational Services in a research note on Wednesday, October 8th. Zacks Research upgraded Lincoln Educational Services from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 12th. Wall Street Zen raised Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Northland Securities set a $28.00 target price on Lincoln Educational Services in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Lincoln Educational Services has an average rating of “Buy” and a consensus target price of $26.20.
Read Our Latest Stock Analysis on Lincoln Educational Services
Lincoln Educational Services Stock Up 7.1%
The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $23.05 and a 200-day simple moving average of $21.92. The firm has a market cap of $861.12 million, a P/E ratio of 60.51, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99.
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%.The firm had revenue of $141.39 million for the quarter, compared to analysts’ expectations of $129.85 million. On average, equities analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.
Insider Activity at Lincoln Educational Services
In related news, Director Kevin M. Carney sold 13,866 shares of Lincoln Educational Services stock in a transaction on Friday, December 5th. The shares were sold at an average price of $22.18, for a total transaction of $307,547.88. Following the transaction, the director owned 24,823 shares in the company, valued at approximately $550,574.14. The trade was a 35.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Lincoln Educational Services
Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of Lincoln Educational Services during the third quarter worth about $35,000. Strs Ohio bought a new position in Lincoln Educational Services in the 1st quarter worth approximately $48,000. Stanley Laman Group Ltd. purchased a new stake in Lincoln Educational Services during the 3rd quarter valued at approximately $49,000. State of Wyoming bought a new stake in shares of Lincoln Educational Services during the third quarter valued at approximately $54,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of Lincoln Educational Services by 24.2% in the third quarter. McIlrath & Eck LLC now owns 2,815 shares of the company’s stock worth $66,000 after buying an additional 548 shares in the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.
Lincoln Educational Services Company Profile
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
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