Lincoln Educational Services Corporation $LINC Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC lessened its stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,080 shares of the company’s stock after selling 36,538 shares during the period. Journey Advisory Group LLC owned 0.81% of Lincoln Educational Services worth $5,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LINC. American Century Companies Inc. increased its position in Lincoln Educational Services by 293.7% during the second quarter. American Century Companies Inc. now owns 389,989 shares of the company’s stock worth $8,989,000 after purchasing an additional 290,935 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Lincoln Educational Services by 22.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,115,094 shares of the company’s stock valued at $25,703,000 after buying an additional 202,170 shares during the period. Cannell Capital LLC acquired a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $3,812,000. SG Capital Management LLC raised its position in shares of Lincoln Educational Services by 894.7% during the 2nd quarter. SG Capital Management LLC now owns 170,556 shares of the company’s stock valued at $3,931,000 after buying an additional 153,410 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Lincoln Educational Services by 53.7% in the second quarter. Russell Investments Group Ltd. now owns 354,803 shares of the company’s stock valued at $8,178,000 after acquiring an additional 123,987 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Insider Buying and Selling at Lincoln Educational Services

In related news, Director Kevin M. Carney sold 13,866 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $22.18, for a total transaction of $307,547.88. Following the sale, the director directly owned 24,823 shares of the company’s stock, valued at $550,574.14. This represents a 35.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.60% of the company’s stock.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock opened at $29.99 on Friday. The stock has a market capitalization of $948.28 million, a price-to-earnings ratio of 66.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.81 and a quick ratio of 0.77. The business has a 50-day moving average of $25.94 and a 200 day moving average of $22.69. Lincoln Educational Services Corporation has a 12 month low of $14.10 and a 12 month high of $31.49.

Analyst Ratings Changes

Several research firms have issued reports on LINC. Griffin Securities set a $33.00 target price on Lincoln Educational Services in a research note on Tuesday, January 27th. Wall Street Zen upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Northland Securities set a $28.00 price objective on Lincoln Educational Services in a research report on Wednesday, January 7th. Barrington Research boosted their price objective on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Buy” and an average target price of $30.00.

About Lincoln Educational Services

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.