Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 198,992 shares of the company’s stock, valued at approximately $9,930,000.
A number of other hedge funds have also recently made changes to their positions in LINC. Heartland Advisors Inc. bought a new stake in Lincoln Educational Services during the 2nd quarter valued at approximately $4,990,000. BlackRock Inc. bought a new position in Lincoln Educational Services in the 2nd quarter worth approximately $123,906,000. Deutsche Bank AG purchased a new stake in Lincoln Educational Services during the 2nd quarter valued at approximately $1,539,000. Rice Hall James & Associates LLC purchased a new stake in Lincoln Educational Services during the 2nd quarter valued at approximately $4,970,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Lincoln Educational Services during the second quarter valued at approximately $40,000. Institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Stock Performance
Shares of NASDAQ:LINC opened at $25.61 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. Lincoln Educational Services Corporation has a 12 month low of $17.29 and a 12 month high of $56.34. The company has a market capitalization of $812.37 million, a price-to-earnings ratio of 35.57, a PEG ratio of 2.17 and a beta of 0.83. The firm’s 50-day moving average is $41.86 and its 200 day moving average is $41.16.
Insider Buying and Selling
In other Lincoln Educational Services news, Director Kevin M. Carney sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $48.00, for a total value of $144,000.00. Following the transaction, the director owned 25,039 shares of the company’s stock, valued at $1,201,872. This represents a 10.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Alexandra M. Luster sold 18,007 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $44.64, for a total transaction of $803,832.48. Following the transaction, the senior vice president owned 82,356 shares in the company, valued at approximately $3,676,371.84. The trade was a 17.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,000 shares of company stock valued at $1,047,702 over the last three months. 12.80% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
LINC has been the topic of several research analyst reports. Northland Securities set a $60.00 target price on shares of Lincoln Educational Services in a report on Thursday, May 28th. Lake Street Capital decreased their price target on shares of Lincoln Educational Services from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Rosenblatt Securities dropped their price objective on shares of Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. B. Riley Financial raised their price objective 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. Finally, Weiss Ratings cut Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.67.
Check Out Our Latest Stock Analysis on Lincoln Educational Services
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.
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