Heartland Advisors Inc. Sells 235,927 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Heartland Advisors Inc. trimmed its position in Lincoln Educational Services Co. (NASDAQ:LINCFree Report) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,745,400 shares of the company’s stock after selling 235,927 shares during the quarter. Heartland Advisors Inc. owned about 5.57% of Lincoln Educational Services worth $17,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in Lincoln Educational Services by 12.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock valued at $4,004,000 after buying an additional 51,534 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Lincoln Educational Services by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after buying an additional 3,182 shares in the last quarter. AJOVista LLC bought a new position in shares of Lincoln Educational Services in the 4th quarter valued at about $67,000. Allspring Global Investments Holdings LLC purchased a new position in Lincoln Educational Services in the third quarter worth about $65,000. Finally, Strs Ohio purchased a new stake in Lincoln Educational Services during the 3rd quarter valued at $192,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock traded down $0.01 on Tuesday, reaching $12.04. 47,596 shares of the stock were exchanged, compared to its average volume of 96,606. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.18. Lincoln Educational Services Co. has a twelve month low of $5.99 and a twelve month high of $13.05. The firm has a market capitalization of $378.59 million, a price-to-earnings ratio of 14.16, a PEG ratio of 1.69 and a beta of 1.33. The business has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $9.84.

Lincoln Educational Services (NASDAQ:LINCGet Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. Lincoln Educational Services had a return on equity of 9.79% and a net margin of 6.57%. During the same period in the previous year, the company posted $0.32 earnings per share. Analysts anticipate that Lincoln Educational Services Co. will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director J Barry Morrow sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares of the company’s stock, valued at approximately $1,238,942.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 73,241 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $10.09, for a total value of $739,001.69. Following the completion of the transaction, the insider now owns 1,293,390 shares in the company, valued at $13,050,305.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J Barry Morrow sold 5,252 shares of Lincoln Educational Services stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total value of $52,940.16. Following the completion of the transaction, the director now owns 122,911 shares of the company’s stock, valued at $1,238,942.88. The disclosure for this sale can be found here. Insiders sold 583,692 shares of company stock valued at $5,858,793 in the last three months. 16.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LINC has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a research report on Monday, April 29th. Lake Street Capital increased their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Barrington Research upped their price objective on Lincoln Educational Services from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. B. Riley lifted their target price on Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.38.

View Our Latest Report on LINC

Lincoln Educational Services Company Profile

(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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Institutional Ownership by Quarter for Lincoln Educational Services (NASDAQ:LINC)

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