Punch & Associates Investment Management Inc. lowered its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) by 30.4% in the 1st quarter, HoldingsChannel reports. The firm owned 252,150 shares of the company’s stock after selling 110,145 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Lincoln Educational Services were worth $10,257,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lincoln Educational Services by 3.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,235 shares of the company’s stock valued at $374,000 after purchasing an additional 578 shares in the last quarter. Intech Investment Management LLC raised its stake in Lincoln Educational Services by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 9,641 shares of the company’s stock worth $233,000 after buying an additional 586 shares in the last quarter. Empowered Funds LLC raised its stake in Lincoln Educational Services by 1.9% in the first quarter. Empowered Funds LLC now owns 47,648 shares of the company’s stock worth $756,000 after buying an additional 879 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Lincoln Educational Services by 4.9% during the third quarter. Franklin Resources Inc. now owns 19,873 shares of the company’s stock worth $467,000 after buying an additional 937 shares during the period. Finally, Steadtrust LLC lifted its holdings in Lincoln Educational Services by 3.4% during the fourth quarter. Steadtrust LLC now owns 30,340 shares of the company’s stock worth $733,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Stock Down 1.7%
Lincoln Educational Services stock opened at $40.51 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.80. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 57.06, a PEG ratio of 3.45 and a beta of 0.79. Lincoln Educational Services Corporation has a 1-year low of $17.29 and a 1-year high of $56.34. The business has a fifty day moving average price of $48.19 and a 200-day moving average price of $39.77.
Insider Activity at Lincoln Educational Services
In other Lincoln Educational Services news, CFO Brian K. Meyers sold 40,070 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $49.98, for a total transaction of $2,002,698.60. Following the sale, the chief financial officer owned 160,712 shares in the company, valued at approximately $8,032,385.76. The trade was a 19.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Burke, Jr. sold 15,807 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $48.36, for a total value of $764,426.52. Following the completion of the sale, the director owned 44,198 shares in the company, valued at approximately $2,137,415.28. This represents a 26.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,070 shares of company stock valued at $4,617,457 over the last 90 days. Company insiders own 12.80% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on LINC. B. Riley Financial increased their target price on Lincoln Educational Services from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and issued a $60.00 price target on shares of Lincoln Educational Services in a research report on Thursday, June 11th. Northland Securities set a $60.00 price objective on Lincoln Educational Services in a research note on Thursday, May 28th. Weiss Ratings downgraded Lincoln Educational Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Barrington Research raised their price objective on Lincoln Educational Services from $45.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and an average price target of $54.17.
Read Our Latest Stock Report on LINC
Lincoln Educational Services 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.
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