First Eagle Investment Management LLC Boosts Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

First Eagle Investment Management LLC grew its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC – Get Rating) by 571.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 151,185 shares of the company’s stock after purchasing an additional 128,685 shares during the period. First Eagle Investment Management LLC’s holdings in Lincoln Educational Services were worth $1,129,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LINC. Morgan Stanley boosted its holdings in Lincoln Educational Services by 1,912.1% in the second quarter. Morgan Stanley now owns 248,086 shares of the company’s stock worth $1,930,000 after purchasing an additional 235,756 shares during the last quarter. Royce & Associates LP boosted its holdings in Lincoln Educational Services by 12.9% in the fourth quarter. Royce & Associates LP now owns 944,716 shares of the company’s stock worth $7,057,000 after purchasing an additional 107,991 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Lincoln Educational Services in the fourth quarter worth approximately $581,000. Dimensional Fund Advisors LP boosted its holdings in Lincoln Educational Services by 15.2% in the third quarter. Dimensional Fund Advisors LP now owns 283,197 shares of the company’s stock worth $1,895,000 after purchasing an additional 37,278 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Lincoln Educational Services in the third quarter worth approximately $249,000. Hedge funds and other institutional investors own 60.46% of the company’s stock.

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Lincoln Educational Services from a “strong-buy” rating to a “buy” rating in a report on Thursday. Colliers Securities reiterated a “buy” rating and issued a $10.00 price target on shares of Lincoln Educational Services in a research report on Tuesday, March 1st. Finally, Zacks Investment Research downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Saturday.

LINC traded up $0.25 during trading on Friday, hitting $5.51. The company’s stock had a trading volume of 91,383 shares, compared to its average volume of 113,424. Lincoln Educational Services Co. has a one year low of $5.12 and a one year high of $8.20. The firm has a market cap of $150.20 million, a PE ratio of 6.12, a P/E/G ratio of 0.56 and a beta of 0.86. The business’s 50 day simple moving average is $6.93 and its 200-day simple moving average is $7.16.

Lincoln Educational Services (NASDAQ:LINC – Get Rating) last released its quarterly earnings results on Monday, February 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.49. The business had revenue of $87.82 million for the quarter, compared to the consensus estimate of $87.38 million. Lincoln Educational Services had a net margin of 8.97% and a return on equity of 26.65%. During the same period last year, the firm earned $0.31 earnings per share. Analysts expect that Lincoln Educational Services Co. will post 0.65 earnings per share for the current fiscal year.

About Lincoln Educational Services (Get Rating)

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: Transportation and Skilled Trades, and Healthcare and Other Professions.

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