Lincoln Educational Services (NASDAQ:LINC) Rating Increased to Strong-Buy at B. Riley

Lincoln Educational Services (NASDAQ:LINC) was upgraded by equities research analysts at B. Riley to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of Lincoln Educational Services in a report on Wednesday. Rosenblatt Securities boosted their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lincoln Educational Services presently has an average rating of “Buy” and a consensus target price of $21.00.

Lincoln Educational Services Stock Down 1.8 %

NASDAQ LINC opened at $15.71 on Thursday. The business has a fifty day moving average price of $16.54 and a 200 day moving average price of $15.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The company has a market cap of $496.33 million, a P/E ratio of 49.10, a P/E/G ratio of 1.70 and a beta of 1.61. Lincoln Educational Services has a one year low of $9.51 and a one year high of $19.79.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, February 24th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $119.37 million during the quarter, compared to analysts’ expectations of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. Research analysts anticipate that Lincoln Educational Services will post 0.54 EPS for the current fiscal year.

Institutional Trading of Lincoln Educational Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Lincoln Educational Services by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock valued at $895,000 after acquiring an additional 2,545 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Lincoln Educational Services in the 3rd quarter valued at $144,000. Needham Investment Management LLC grew its holdings in shares of Lincoln Educational Services by 71.4% during the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock worth $7,164,000 after purchasing an additional 250,000 shares during the period. State Street Corp grew its holdings in shares of Lincoln Educational Services by 3.0% during the 3rd quarter. State Street Corp now owns 440,136 shares of the company’s stock worth $5,255,000 after purchasing an additional 12,938 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Lincoln Educational Services by 63.6% during the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after purchasing an additional 14,913 shares during the last quarter. Institutional investors and hedge funds 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.