Lincoln Educational Services (NASDAQ:LINC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Lincoln Educational Services Co. (NASDAQ:LINC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.19 and traded as high as $15.76. Lincoln Educational Services shares last traded at $15.42, with a volume of 130,326 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LINC. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. B. Riley upped their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barrington Research lifted their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Educational Services currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Stock Performance

The company has a market capitalization of $485.41 million, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The business has a 50 day moving average of $15.23 and a 200 day moving average of $13.24. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $114.41 million for the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Insider Activity

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 7,123 shares of Lincoln Educational Services stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total transaction of $120,093.78. Following the completion of the sale, the insider now directly owns 867,017 shares of the company’s stock, valued at $14,617,906.62. The trade was a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Chad D. Nyce sold 9,977 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.50, for a total transaction of $164,620.50. Following the completion of the sale, the executive vice president now directly owns 144,669 shares of the company’s stock, valued at approximately $2,387,038.50. This trade represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,002 shares of company stock valued at $3,632,824. 16.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lincoln Educational Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Lincoln Educational Services during the 3rd quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new position in Lincoln Educational Services during the 2nd quarter valued at approximately $123,000. Janus Henderson Group PLC purchased a new position in shares of Lincoln Educational Services in the third quarter worth $144,000. Barclays PLC lifted its stake in shares of Lincoln Educational Services by 259.0% during the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after buying an additional 24,688 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Lincoln Educational Services by 36.0% in the 2nd quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after acquiring an additional 10,095 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

About Lincoln Educational Services

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.