Calamos Advisors LLC Increases Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Calamos Advisors LLC boosted its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 38.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,629 shares of the company’s stock after purchasing an additional 25,560 shares during the period. Calamos Advisors LLC’s holdings in Lincoln Educational Services were worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Lincoln Educational Services by 248.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company’s stock valued at $473,000 after buying an additional 28,275 shares during the period. Barclays PLC lifted its holdings in Lincoln Educational Services by 259.0% in the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after acquiring an additional 24,688 shares during the period. Geode Capital Management LLC boosted its position 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 worth $7,598,000 after purchasing an additional 11,650 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Lincoln Educational Services by 63.6% during the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after purchasing an additional 14,913 shares during the period. Finally, State Street Corp increased its holdings in shares of Lincoln Educational Services by 3.0% during 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 in the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. B. Riley raised their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barrington Research lifted their price target on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Stock Up 6.1 %

Shares of NASDAQ LINC opened at $17.12 on Wednesday. Lincoln Educational Services Co. has a 52-week low of $9.16 and a 52-week high of $18.74. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $15.82 and its 200-day simple moving average is $14.00. The firm has a market cap of $538.94 million, a price-to-earnings ratio of 53.50, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same period in the prior year, the company posted $0.11 earnings per share. Equities analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total value of $120,093.78. Following the transaction, the insider now owns 867,017 shares of the company’s stock, valued at $14,617,906.62. This represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Plater sold 10,471 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.41, for a total transaction of $161,358.11. Following the transaction, the director now directly owns 31,608 shares of the company’s stock, valued at approximately $487,079.28. This trade represents a 24.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 223,002 shares of company stock worth $3,632,824 over the last ninety days. Corporate insiders own 16.80% of the company’s stock.

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.