Lincoln Educational Services (NASDAQ:LINC) Trading Down 6.5% – Here’s What Happened

Lincoln Educational Services Co. (NASDAQ:LINC)’s share price was down 6.5% during trading on Monday . The stock traded as low as $19.81 and last traded at $19.56. Approximately 61,881 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 153,372 shares. The stock had previously closed at $20.92.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LINC shares. B. Riley started coverage on Lincoln Educational Services in a research report on Friday, March 28th. They issued a “buy” rating and a $23.00 target price for the company. Northland Capmk raised Lincoln Educational Services to a “strong-buy” rating in a research report on Thursday, April 24th. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of Lincoln Educational Services in a research report on Wednesday, March 26th. Rosenblatt Securities lifted their price objective on Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Northland Securities started coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They set an “outperform” rating and a $24.00 price objective for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $23.25.

Lincoln Educational Services Trading Up 1.5%

The company has a fifty day simple moving average of $16.59 and a two-hundred day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The company has a market capitalization of $670.91 million, a P/E ratio of 66.05, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.11. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The firm had revenue of $119.37 million for the quarter, compared to analyst estimates of $110.50 million. On average, analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lincoln Educational Services

Several large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lincoln Educational Services by 22.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 144,846 shares of the company’s stock valued at $2,299,000 after purchasing an additional 26,383 shares during the period. Deutsche Bank AG lifted its holdings in Lincoln Educational Services by 65.3% during the 1st quarter. Deutsche Bank AG now owns 12,085 shares of the company’s stock worth $192,000 after buying an additional 4,772 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lincoln Educational Services by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,037 shares of the company’s stock worth $1,254,000 after buying an additional 6,198 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lincoln Educational Services by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,494,714 shares of the company’s stock valued at $23,721,000 after acquiring an additional 75,989 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Lincoln Educational Services in the 1st quarter valued at $445,000. 72.23% of the stock is currently owned by institutional investors.

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.