Lincoln Educational Services Co. (NASDAQ:LINC) Short Interest Up 23.4% in February

by · The Cerbat Gem

Lincoln Educational Services Co. (NASDAQ:LINC – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 364,500 shares, an increase of 23.4% from the February 13th total of 295,300 shares. Based on an average daily volume of 173,700 shares, the short-interest ratio is presently 2.1 days. Approximately 1.4% of the shares of the company are sold short.

Lincoln Educational Services Price Performance

Shares of Lincoln Educational Services stock traded up $0.15 during trading on Wednesday, hitting $15.12. 3,820 shares of the company were exchanged, compared to its average volume of 127,425. The firm has a 50 day moving average price of $16.46 and a 200 day moving average price of $14.90. Lincoln Educational Services has a fifty-two week low of $9.29 and a fifty-two week high of $19.79. The stock has a market capitalization of $477.53 million, a price-to-earnings ratio of 47.19, a P/E/G ratio of 1.70 and a beta of 1.61. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $119.37 million for the quarter, compared to analyst estimates of $110.50 million. On average, equities analysts expect that Lincoln Educational Services will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LINC shares. Rosenblatt Securities lifted their target price on Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Lincoln Educational Services in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Lincoln Educational Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

Get Our Latest Stock Report on LINC

Institutional Trading of Lincoln Educational Services

Several large investors have recently modified their holdings of LINC. Vanguard Group Inc. boosted its holdings in Lincoln Educational Services by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company’s stock valued at $22,444,000 after purchasing an additional 14,772 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of Lincoln Educational Services by 43.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company’s stock valued at $17,768,000 after acquiring an additional 338,495 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lincoln Educational Services by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,071,560 shares of the company’s stock worth $16,952,000 after purchasing an additional 51,430 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Lincoln Educational Services by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 833,093 shares of the company’s stock valued at $13,180,000 after purchasing an additional 41,442 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Lincoln Educational Services by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 690,378 shares of the company’s stock worth $10,922,000 after buying an additional 42,000 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

About Lincoln Educational Services

(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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