Legato Capital Management LLC Sells 35,074 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Legato Capital Management LLC lessened its holdings in Lincoln Educational Services Co. (NASDAQ:LINC) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 118,810 shares of the company’s stock after selling 35,074 shares during the period. Legato Capital Management LLC’s holdings in Lincoln Educational Services were worth $1,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LINC. The Manufacturers Life Insurance Company bought a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $123,000. SG Americas Securities LLC bought a new stake in Lincoln Educational Services during the 3rd quarter worth approximately $121,000. Pullen Investment Management LLC raised its stake in Lincoln Educational Services by 15.3% during the 3rd quarter. Pullen Investment Management LLC now owns 143,950 shares of the company’s stock worth $1,719,000 after acquiring an additional 19,118 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Lincoln Educational Services by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock worth $1,258,000 after acquiring an additional 10,081 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Lincoln Educational Services by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock worth $895,000 after acquiring an additional 2,545 shares during the period. Institutional investors own 72.23% of the company’s stock.

Analysts Set New Price Targets

LINC has been the topic of several recent analyst reports. Barrington Research lifted their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. B. Riley lifted their price objective 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Lincoln Educational Services has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Buying and Selling

In other Lincoln Educational Services news, CFO Brian K. Meyers sold 8,939 shares of Lincoln Educational Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $15.26, for a total transaction of $136,409.14. Following the completion of the transaction, the chief financial officer now directly owns 233,810 shares of the company’s stock, valued at $3,567,940.60. The trade was a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Plater sold 10,471 shares of Lincoln Educational Services stock in a transaction on 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 $487,079.28. The trade was a 24.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,987 shares of company stock worth $3,399,839. Insiders own 16.80% of the company’s stock.

Lincoln Educational Services Trading Up 0.3 %

Lincoln Educational Services stock opened at $17.49 on Wednesday. The firm’s 50 day moving average price is $15.93 and its 200-day moving average price is $14.12. Lincoln Educational Services Co. has a 1 year low of $9.29 and a 1 year high of $18.74. The stock has a market cap of $550.59 million, a P/E ratio of 54.66, a PEG ratio of 1.72 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

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