Wells Fargo & Company MN lifted its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 15,731.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,689 shares of the company’s stock after buying an additional 21,552 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Lincoln Educational Services worth $141,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new position in shares of Lincoln Educational Services during the third quarter valued at about $101,000. Falcon Point Capital LLC boosted its holdings in Lincoln Educational Services by 38.7% during the 4th quarter. Falcon Point Capital LLC now owns 20,110 shares of the company’s stock worth $131,000 after acquiring an additional 5,610 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Lincoln Educational Services by 25.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 17,789 shares of the company’s stock valued at $217,000 after purchasing an additional 3,626 shares during the last quarter. Bailard Inc. grew its position in Lincoln Educational Services by 181.3% in the 4th quarter. Bailard Inc. now owns 31,500 shares of the company’s stock worth $205,000 after purchasing an additional 20,300 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Lincoln Educational Services in the 4th quarter valued at about $275,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
Lincoln Educational Services stock opened at $6.36 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $6.41 and a 200 day moving average of $6.12. The firm has a market capitalization of $171.65 million, a price-to-earnings ratio of 18.17, a P/E/G ratio of 0.85 and a beta of 0.76. Lincoln Educational Services Co. has a 12-month low of $2.26 and a 12-month high of $8.99.
Several equities analysts recently weighed in on the stock. B. Riley increased their price target on shares of Lincoln Educational Services from $6.25 to $7.50 and gave the company a “buy” rating in a research report on Monday, March 1st. Zacks Investment Research downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Friday, March 5th. TheStreet raised shares of Lincoln Educational Services from a “c+” rating to a “b-” rating in a research report on Tuesday, December 29th. Barrington Research lifted their target price on Lincoln Educational Services from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Monday, March 29th. Finally, Colliers Securities reissued a “buy” rating and issued a $10.00 price target on shares of Lincoln Educational Services in a report on Wednesday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Educational Services has an average rating of “Buy” and a consensus target price of $8.44.
Lincoln Educational Services 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 through three segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Transitional.
Further Reading: Catch-Up Contributions
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