Lincoln Educational Services (NASDAQ:LINC) Hits New 52-Week High – Time to Buy?

by · The Cerbat Gem

Lincoln Educational Services Corporation (NASDAQ:LINCGet Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $26.41 and last traded at $26.4080, with a volume of 61064 shares. The stock had previously closed at $25.14.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Zacks Research raised shares of Lincoln Educational Services from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 12th. Northland Securities set a $28.00 price target on shares of Lincoln Educational Services in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln Educational Services in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Lincoln Educational Services currently has a consensus rating of “Buy” and a consensus price target of $26.20.

Get Our Latest Stock Report on LINC

Lincoln Educational Services Stock Down 2.4%

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 firm’s 50 day moving average price is $22.83 and its two-hundred day moving average price is $21.89. The company has a market capitalization of $824.65 million, a price-to-earnings ratio of 57.96, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Lincoln Educational Services (NASDAQ:LINCGet Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The business had revenue of $141.39 million during the quarter, compared to the consensus estimate of $129.85 million. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. Sell-side analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lincoln Educational Services

In related news, Director Kevin M. Carney sold 13,866 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $22.18, for a total value of $307,547.88. Following the sale, the director owned 24,823 shares in the company, valued at approximately $550,574.14. This represents a 35.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of Lincoln Educational Services by 29.3% during the 4th quarter. SG Americas Securities LLC now owns 14,184 shares of the company’s stock worth $343,000 after buying an additional 3,217 shares during the period. Penbrook Management LLC grew its position in shares of Lincoln Educational Services by 36.2% in the fourth quarter. Penbrook Management LLC now owns 17,026 shares of the company’s stock valued at $411,000 after purchasing an additional 4,525 shares during the last quarter. Harvest Investment Services LLC grew its position in shares of Lincoln Educational Services by 68.9% in the third quarter. Harvest Investment Services LLC now owns 111,925 shares of the company’s stock valued at $2,630,000 after purchasing an additional 45,650 shares during the last quarter. Oberweis Asset Management Inc. increased its stake in shares of Lincoln Educational Services by 59.1% during the third quarter. Oberweis Asset Management Inc. now owns 301,600 shares of the company’s stock worth $7,088,000 after purchasing an additional 112,000 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Lincoln Educational Services by 26.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,449,605 shares of the company’s stock worth $34,066,000 after purchasing an additional 300,000 shares during the last quarter. 72.23% of the stock is owned by institutional investors.

About Lincoln Educational Services

(Get Free Report)

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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