Lincoln Educational Services (NASDAQ:LINC) Stock Crosses Above 200 Day Moving Average of $11.27

Lincoln Educational Services Co. (NASDAQ:LINC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.27 and traded as high as $12.28. Lincoln Educational Services shares last traded at $11.78, with a volume of 87,756 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Lincoln Educational Services in a research note on Thursday, August 8th. StockNews.com upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital lifted their price target on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Rosenblatt Securities boosted their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, B. Riley boosted their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Lincoln Educational Services presently has an average rating of “Buy” and an average target price of $15.75.

Lincoln Educational Services Stock Down 5.4 %

The firm has a market cap of $370.83 million, a PE ratio of 13.86, a P/E/G ratio of 1.63 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78. The firm’s 50-day moving average price is $12.50 and its two-hundred day moving average price is $11.27.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. Lincoln Educational Services had a net margin of 1.95% and a return on equity of 10.38%. The business had revenue of $102.91 million during the quarter, compared to the consensus estimate of $99.60 million. As a group, equities research analysts expect that Lincoln Educational Services Co. will post 0.51 EPS for the current fiscal year.

Insider Activity at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $12.02, for a total value of $235,724.22. Following the completion of the sale, the insider now owns 876,410 shares in the company, valued at approximately $10,534,448.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 40,819 shares of company stock worth $490,481 in the last 90 days. 16.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lincoln Educational Services

Several institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in Lincoln Educational Services in the 2nd quarter valued at $123,000. Auxier Asset Management increased its stake in Lincoln Educational Services by 2.1% in the 2nd quarter. Auxier Asset Management now owns 238,324 shares of the company’s stock valued at $2,827,000 after buying an additional 5,000 shares during the period. First Eagle Investment Management LLC increased its stake 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 buying an additional 155,754 shares during the period. Renaissance Technologies LLC increased its stake in Lincoln Educational Services by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after buying an additional 72,400 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 buying an additional 50,737 shares during the period. 72.23% of the stock is owned by institutional investors and hedge funds.

Lincoln Educational Services Company Profile

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.