Lincoln Educational Services Corporation (NASDAQ:LINC – Get Free Report)’s share price traded down 5.2% on Wednesday . The company traded as low as $47.97 and last traded at $50.7110. Approximately 154,754 shares traded hands during trading, a decline of 68% from the average session volume of 480,308 shares. The stock had previously closed at $53.51.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Lincoln Educational Services in a report on Thursday, June 11th. Lake Street Capital reaffirmed a “buy” rating and issued a $55.00 target price on shares of Lincoln Educational Services in a research report on Tuesday, May 12th. Northland Securities set a $60.00 target price on Lincoln Educational Services in a research report on Thursday, May 28th. Weiss Ratings lowered Lincoln Educational Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Finally, Barrington Research raised their target price on Lincoln Educational Services from $45.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and an average price target of $54.17.
Lincoln Educational Services Stock Down 1.0%
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.10. Lincoln Educational Services had a net margin of 4.11% and a return on equity of 15.25%. The firm had revenue of $143.96 million for the quarter, compared to the consensus estimate of $135.66 million. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. As a group, research analysts forecast that Lincoln Educational Services Corporation will post 0.78 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director James J. Burke, Jr. sold 15,807 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $48.36, for a total value of $764,426.52. Following the completion of the transaction, the director owned 44,198 shares of the company’s stock, valued at approximately $2,137,415.28. This represents a 26.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian K. Meyers sold 40,070 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $49.98, for a total value of $2,002,698.60. Following the sale, the chief financial officer owned 160,712 shares of the company’s stock, valued at approximately $8,032,385.76. This trade represents a 19.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,070 shares of company stock valued at $4,617,457 over the last ninety days. Insiders own 12.80% of the company’s stock.
Hedge Funds Weigh In On Lincoln Educational Services
A number of institutional investors have recently made changes to their positions in LINC. Kopp Family Office LLC purchased a new position in shares of Lincoln Educational Services during the 2nd quarter valued at approximately $715,000. Steadtrust LLC raised its holdings in Lincoln Educational Services by 6.1% in the second quarter. Steadtrust LLC now owns 30,290 shares of the company’s stock valued at $1,511,000 after acquiring an additional 1,750 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Lincoln Educational Services by 383.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,436 shares of the company’s stock valued at $99,000 after acquiring an additional 1,932 shares in the last quarter. Royal Bank of Canada boosted its stake in Lincoln Educational Services by 2,081.1% during the 1st quarter. Royal Bank of Canada now owns 33,502 shares of the company’s stock valued at $1,363,000 after acquiring an additional 31,966 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Lincoln Educational Services by 13.6% during the 1st quarter. Quantinno Capital Management LP now owns 14,125 shares of the company’s stock valued at $575,000 after acquiring an additional 1,695 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.
About Lincoln Educational Services
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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