Lincoln Educational Services LINC Sees Stock Rating Downgrade by StockNews.com

Lincoln Educational Services Corporation LINC, a provider of career-oriented postsecondary education services, has experienced a shift in stock market standing as equity research analysts at StockNews.com adjusted the company's rating. Previously holding a 'strong-buy' recommendation, LINC has now been recalibrated to a 'buy' status according to the latest research report. This reassessment comes amidst various other market analyses and price target adjustments made by other research entities.

Comprehensive Analysis of LINC

Several institutions have offered their perspectives on LINC's financial outlook over recent months. Notably, Lake Street Capital increased their target price from $7.00 to $9.00, signaling a positive outlook. Concurrently, B. Riley moved their target from $9.00 to $11.00, while Barrington Research upgraded their target from $8.50 to $10.50, assigning an 'outperform' rating. Rosenblatt Securities also joined this positive trend by raising their price objective from $11.00 to $12.00 and maintaining a 'buy' rating on the stock.

LINC's Market Performance

The stock market activity of LINC opened at $9.73, showcasing a notable uptrend from the 50-day moving average of $8.63 and the 200-day moving average of $7.55. With a market capitalization of $305.13 million, the company sports a price-to-earnings ratio of 10.69, a PEG ratio of 1.40, and a beta of 1.01. LINC has also presented a 52-week range with a low of $5.05 and a high of $9.99.

Inside Movements at LINC

Market insiders have engaged in substantive transactions, as seen with Director J Barry Morrow's sale of 12,000 shares at an average price of $8.69, totaling $104,280. Post-sale, Morrow holds 138,210 shares with a value of over $1.2 million. Disclosure of these transactions was made in accordance with SEC regulations.

Institutional Interest in LINC

Diverse institutional investors and hedge funds have adjusted their positions in LINC. Notable moves include Barclays PLC's new acquisition of a stake worth $33,000, Allspring Global Investments Holdings LLC's investment valued at $65,000, and California State Teachers Retirement System's $53,000 stake. Deutsche Bank AG also made a notable entry, whereas BNP Paribas Arbitrage SNC and others actively participated within the investment landscape, contributing to the 72.65% of the company’s stock owned by institutional entities.

About Lincoln Educational Services

Lincoln Educational Services Corporation, based in West Orange, New Jersey, commits to providing various career-oriented postsecondary education to high school graduates and working adults within the United States. The company's operations are focused on two key segments: Transportation and Skilled Trades, and Healthcare and Other Professions.

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