Lincoln Educational Services (NASDAQ:LINC) Stock Price Down 6.8% – Time to Sell?

Shares of Lincoln Educational Services Co. (NASDAQ:LINC) were down 6.8% during mid-day trading on Friday . The company traded as low as $16.30 and last traded at $16.43. Approximately 93,618 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 124,676 shares. The stock had previously closed at $17.63.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LINC shares. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Lincoln Educational Services in a research note on Wednesday. B. Riley raised their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Lincoln Educational Services Stock Down 8.8 %

The company has a market capitalization of $505.88 million, a PE ratio of 49.89, a P/E/G ratio of 1.74 and a beta of 1.41. 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 50-day moving average of $16.11 and a two-hundred day moving average of $14.31.

Insider Activity at Lincoln Educational Services

In other news, EVP Chad D. Nyce sold 9,977 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.50, for a total value of $164,620.50. Following the transaction, the executive vice president now directly owns 144,669 shares in the company, valued at $2,387,038.50. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 60,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.62, for a total value of $997,200.00. Following the completion of the transaction, the insider now owns 605,005 shares in the company, valued at $10,055,183.10. The trade was a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,090 shares of company stock worth $2,987,371. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Lincoln Educational Services by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,725 shares of the company’s stock valued at $22,444,000 after acquiring an additional 14,772 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Lincoln Educational Services by 43.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company’s stock valued at $17,768,000 after acquiring an additional 338,495 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lincoln Educational Services by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,071,560 shares of the company’s stock valued at $16,952,000 after acquiring an additional 51,430 shares in the last quarter. First Eagle Investment Management LLC lifted 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 valued at $13,180,000 after acquiring an additional 41,442 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Lincoln Educational Services by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 690,378 shares of the company’s stock valued at $10,922,000 after acquiring an additional 42,000 shares in the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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.