Wells Fargo & Company MN Has $141,000 Stake in Lincoln Educational Services Co. (NASDAQ:LINC)

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.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Tuesday, March 2nd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $81.79 million during the quarter, compared to analysts’ expectations of $78.83 million. Lincoln Educational Services had a net margin of 4.12% and a return on equity of 27.42%. On average, analysts predict that Lincoln Educational Services Co. will post 0.27 EPS for the current year.

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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Institutional Ownership by Quarter for Lincoln Educational Services (NASDAQ:LINC)

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