Connor Clark & Lunn Investment Management Ltd. Has $1.87 Million Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 12.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 118,463 shares of the company’s stock after buying an additional 13,099 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lincoln Educational Services were worth $1,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LINC. Geode Capital Management LLC raised its holdings in Lincoln Educational Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock valued at $7,598,000 after acquiring an additional 11,650 shares during the period. Needham Investment Management LLC lifted its holdings in Lincoln Educational Services by 71.4% during the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock worth $7,164,000 after purchasing an additional 250,000 shares during the last quarter. State Street Corp boosted its stake in Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company’s stock valued at $5,255,000 after purchasing an additional 12,938 shares during the period. Calamos Advisors LLC boosted its stake in Lincoln Educational Services by 38.7% in the 4th quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock valued at $1,450,000 after purchasing an additional 25,560 shares during the period. Finally, Bailard Inc. increased its position in Lincoln Educational Services by 24.5% during the 4th quarter. Bailard Inc. now owns 84,900 shares of the company’s stock worth $1,343,000 after buying an additional 16,693 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LINC. Rosenblatt Securities boosted their target price on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Barrington Research reissued an “outperform” rating and issued a $20.00 price objective on shares of Lincoln Educational Services in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.75.

Lincoln Educational Services Stock Performance

LINC opened at $14.97 on Wednesday. The firm has a market cap of $472.95 million, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.70 and a beta of 1.61. The business’s fifty day moving average is $16.46 and its 200-day moving average is $14.90. Lincoln Educational Services Co. has a 52-week low of $9.29 and a 52-week high of $19.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57.

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

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.