Wellington Management Group LLP reduced its position in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) by 16.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 296,374 shares of the company’s stock after selling 59,879 shares during the period. Wellington Management Group LLP owned 0.93% of Lincoln Educational Services worth $14,789,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in LINC. Cannell Capital LLC purchased a new position in Lincoln Educational Services during the 2nd quarter worth approximately $202,394. Corient Private Wealth LP purchased a new stake in Lincoln Educational Services in the second quarter valued at approximately $733,000. Punch & Associates Investment Management Inc. purchased a new stake in Lincoln Educational Services in the second quarter valued at approximately $10,007,000. Pillsbury Lake Capital LLC acquired a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $17,773,731. Finally, Bank of America Corp DE acquired a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $9,506,000. 72.23% of the stock is owned by institutional investors and hedge funds.
Lincoln Educational Services Stock Performance
Shares of LINC stock opened at $25.64 on Tuesday. Lincoln Educational Services Corporation has a 12-month low of $17.29 and a 12-month high of $56.34. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $38.11 and a 200-day simple moving average of $41.02. The company has a market cap of $813.30 million, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on LINC shares. Barrington Research set a $50.00 target price on shares of Lincoln Educational Services in a report on Monday, August 10th. B. Riley Financial increased their price target on shares of Lincoln Educational Services from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Northland Securities set a $60.00 price objective on shares of Lincoln Educational Services in a research report on Thursday, May 28th. Weiss Ratings lowered shares of Lincoln Educational Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Finally, Rosenblatt Securities reduced their target price on shares of Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Lincoln Educational Services presently has a consensus rating of “Moderate Buy” and an average target price of $50.67.
Check Out Our Latest Analysis on LINC
Insider Buying and Selling at Lincoln Educational Services
In other Lincoln Educational Services news, SVP Alexandra Luster sold 18,007 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $44.64, for a total transaction of $803,832.48. Following the sale, the senior vice president directly owned 82,356 shares in the company, valued at approximately $3,676,371.84. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Carney sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.00, for a total transaction of $144,000.00. Following the completion of the sale, the director owned 25,039 shares in the company, valued at $1,201,872. This represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 12.80% of the company’s stock.
Lincoln Educational Services Company Profile
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
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