Royce & Associates LP Has $5.02 Million Stock Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Royce & Associates LP lowered its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 317,584 shares of the company’s stock after selling 5,000 shares during the period. Royce & Associates LP’s holdings in Lincoln Educational Services were worth $5,024,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in shares of Lincoln Educational Services by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 833,093 shares of the company’s stock worth $13,180,000 after purchasing an additional 41,442 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Lincoln Educational Services by 12.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,463 shares of the company’s stock worth $1,874,000 after purchasing an additional 13,099 shares during the period. Bailard Inc. increased its position in shares of Lincoln Educational Services by 24.5% in the fourth quarter. Bailard Inc. now owns 84,900 shares of the company’s stock worth $1,343,000 after purchasing an additional 16,693 shares during the period. AMH Equity Ltd increased its position in shares of Lincoln Educational Services by 60.0% in the fourth quarter. AMH Equity Ltd now owns 80,000 shares of the company’s stock worth $1,266,000 after purchasing an additional 30,000 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Lincoln Educational Services in the fourth quarter worth $288,000. Institutional investors own 72.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, February 19th. Rosenblatt Securities lifted their target price 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and an average price target of $19.75.

Lincoln Educational Services Stock Performance

Lincoln Educational Services stock opened at $15.55 on Thursday. Lincoln Educational Services Co. has a 12-month low of $9.51 and a 12-month high of $19.79. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $14.90. The stock has a market cap of $491.27 million, a PE ratio of 48.60, a P/E/G ratio of 1.70 and a beta of 1.61.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $110.50 million. As a group, analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Lincoln Educational Services Company Profile

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.