Pillsbury Lake Capital LLC bought a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 356,187 shares of the company’s stock, valued at approximately $17,773,731,000. Lincoln Educational Services makes up about 4.9% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 3rd largest holding. Pillsbury Lake Capital LLC owned about 1.12% of Lincoln Educational Services at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in LINC. BlackRock Inc. purchased a new position in Lincoln Educational Services during the second quarter worth about $123,906,000. Vanguard Group Inc. boosted its holdings in Lincoln Educational Services by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,682,345 shares of the company’s stock valued at $39,535,000 after purchasing an additional 58,582 shares in the last quarter. Alyeska Investment Group L.P. increased its position in Lincoln Educational Services by 12.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,626,623 shares of the company’s stock worth $39,283,000 after purchasing an additional 177,018 shares during the period. Wasatch Advisors LP increased its position in Lincoln Educational Services by 4.8% during the 3rd quarter. Wasatch Advisors LP now owns 1,168,375 shares of the company’s stock worth $27,457,000 after purchasing an additional 53,281 shares during the period. Finally, Needham Investment Management LLC raised its stake in shares of Lincoln Educational Services by 30.1% during the 4th quarter. Needham Investment Management LLC now owns 1,125,000 shares of the company’s stock worth $27,169,000 after buying an additional 260,000 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Barrington Research set a $50.00 price target on Lincoln Educational Services in a research note on Monday, August 10th. Rosenblatt Securities reduced their target price on Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Northland Securities set a $60.00 target price on shares of Lincoln Educational Services in a research report on Thursday, May 28th. Weiss Ratings cut shares of Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Lake Street Capital cut their price target on shares of Lincoln Educational Services from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.
Lincoln Educational Services Trading Up 0.7%
Shares of LINC stock opened at $25.61 on Thursday. Lincoln Educational Services Corporation has a fifty-two week low of $17.29 and a fifty-two week high of $56.34. The stock has a market cap of $812.37 million, a P/E ratio of 35.57, a P/E/G ratio of 2.17 and a beta of 0.83. The business has a fifty day simple moving average of $41.86 and a 200-day simple moving average of $41.16. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter. The business had revenue of $142.56 million for the quarter, compared to analyst estimates of $139.49 million. Lincoln Educational Services had a net margin of 3.99% and a return on equity of 14.47%. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. On average, analysts forecast that Lincoln Educational Services Corporation will post 0.78 earnings per share for the current fiscal year.
Insider Transactions at Lincoln Educational Services
In other news, SVP Alexandra M. Luster sold 18,007 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $44.64, for a total value of $803,832.48. Following the sale, the senior vice president directly owned 82,356 shares in the company, valued at $3,676,371.84. This represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Carney sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $48.00, for a total transaction of $144,000.00. Following the transaction, the director directly owned 25,039 shares of the company’s stock, valued at approximately $1,201,872. This trade represents a 10.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 23,000 shares of company stock valued at $1,047,702. 12.80% of the stock is currently owned by company insiders.
Lincoln Educational Services Company Profile
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.
Featured Articles
- Five stocks we like better than Lincoln Educational Services
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding LINC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report).
Receive News & Ratings for Lincoln Educational Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Educational Services and related companies with MarketBeat.com's FREE daily email newsletter.
