Empowered Funds LLC Has $765,000 Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Empowered Funds LLC cut its holdings in Lincoln Educational Services Co. (NASDAQ:LINC) by 52.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,055 shares of the company’s stock after selling 70,741 shares during the period. Empowered Funds LLC’s holdings in Lincoln Educational Services were worth $765,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. First Eagle Investment Management LLC boosted its holdings in Lincoln Educational Services by 25.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the period. Vanguard Group Inc. lifted its stake in shares of Lincoln Educational Services by 11.3% in the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after buying an additional 136,334 shares during the period. Renaissance Technologies LLC grew its position in Lincoln Educational Services by 12.6% during the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after buying an additional 72,400 shares in the last quarter. Secure Asset Management LLC bought a new position in Lincoln Educational Services during the second quarter valued at about $612,000. Finally, Dimensional Fund Advisors LP raised its holdings in Lincoln Educational Services by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after acquiring an additional 50,737 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

Lincoln Educational Services Price Performance

Shares of LINC stock opened at $16.15 on Friday. The stock’s fifty day simple moving average is $13.30 and its 200 day simple moving average is $12.46. Lincoln Educational Services Co. has a one year low of $8.78 and a one year high of $18.74. The firm has a market cap of $508.40 million, a price-to-earnings ratio of 50.47, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lincoln Educational Services

In other news, CFO Brian K. Meyers sold 7,487 shares of Lincoln Educational Services stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.32, for a total value of $114,700.84. Following the completion of the transaction, the chief financial officer now owns 226,323 shares in the company, valued at approximately $3,467,268.36. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total value of $120,093.78. Following the sale, the insider now owns 867,017 shares in the company, valued at approximately $14,617,906.62. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,912 shares of company stock worth $645,453 over the last ninety days. Corporate insiders own 16.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on LINC shares. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. B. Riley lifted their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barrington Research increased their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Rosenblatt Securities raised their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

About Lincoln Educational Services

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.