Does This Provide a Reason to Buy Lincoln Educational Services Corp (LINC)? The Stock Has Formed Multiple Top Chart Pattern

September 17, 2017 - By Clifton Ray

Investors sentiment decreased to 1 in Q4 2016. Its down 0.50, from 1.5 in 2016Q3. It dived, as 5 investors sold Lincoln Educational Services Corp shares while 6 reduced holdings. 3 funds opened positions while 8 raised stakes. 14.16 million shares or 5.35% more from 13.44 million shares in 2016Q3 were reported.
Tower Capital Lc (Trc) holds 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC) for 6,577 shares. Prescott Group Mngmt Limited Liability Corp holds 346,734 shares or 0.14% of its portfolio. Moreover, Deutsche National Bank & Trust Ag has 0% invested in Lincoln Educational Services Corp (NASDAQ:LINC) for 94,412 shares. Goldman Sachs Gru invested in 0% or 47,628 shares. Paradice Inv Mngmt Limited holds 2.61 million shares or 0.48% of its portfolio. 579,905 were accumulated by Bridgeway Inc. Kcg Inc stated it has 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC). Nantahala Capital Mngmt Ltd Liability Co holds 0.47% or 2.37 million shares. National Bank & Trust Of Montreal Can holds 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC) for 9,558 shares. Alyeska Investment Gp L P has 195,644 shares for 0% of their portfolio. Ancora Advsrs Ltd holds 0.02% or 139,500 shares. Vanguard Gru Inc has 0% invested in Lincoln Educational Services Corp (NASDAQ:LINC) for 803,192 shares. Blackrock Fund reported 0% stake. Federated Invsts Inc Pa holds 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC) for 253 shares. Dimensional Fund Advsr Limited Partnership has invested 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC).

Since May 18, 2017, it had 0 insider buys, and 2 selling transactions for $276,346 activity. 50,000 shares were sold by Meyers Brian K, worth $154,819.

The stock of Lincoln Educational Services Corp (LINC) shows a multiple tops pattern with $2.80 target or 5.00 % above today’s $2.67 share price. The 8 months chart pattern indicates low risk for the $66.00 million company. It was reported on Sep, 17 by Finviz.com. If the $2.80 price target is reached, the company will be worth $3.30 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 4.71% or $0.12 on September 15, reaching $2.67. About 71,963 shares traded or 28.85% up from the average. Lincoln Educational Services Corp (NASDAQ:LINC) has risen 108.84% since September 17, 2016 and is uptrending. It has outperformed by 92.14% the S&P500.

Investors wait Lincoln Educational Services Corp (NASDAQ:LINC) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.01 EPS, down $0.04 or 80.00 % from last year’s $0.05 same quarter earnings. This translates into $247,191 profit for LINC giving the stock a 66.75 P/E. This is assuming the current $0.01 EPS is accurate. Lincoln Educational Services Corp’s Wall Street analysts see -103.57 % EPS growth, taking into account the $-0.28 EPS reproted in the previous quarter,

More notable recent Lincoln Educational Services Corp (NASDAQ:LINC) news were published by: Reuters.com which released: “BRIEF-Alexis P. Michas reports 5.7 pct stake in Lincoln Educational Services” on May 25, 2017, also Globenewswire.com with their article: “Lincoln Educational Services Corporation Schedules Fourth Quarter and Year End …” published on February 10, 2017, Nasdaq.com published: “Lincoln Educational Services Corporation Completes Sale of West Palm Beach …” on August 16, 2017. More interesting news about Lincoln Educational Services Corp (NASDAQ:LINC) were released by: Bizjournals.com and their article: “South Florida Business Journal” published on August 15, 2017 as well as Globenewswire.com‘s news article titled: “Lincoln Educational Services Corporation Launches Plan to Streamline Business …” with publication date: November 03, 2015.

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