Lincoln Educational Services (LINC)
Career-school operator focused on skilled trades, automotive, health sciences, and IT programs.
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Runs U.S. career-school campuses under Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College. Programs center on skilled trades, automotive, health sciences, and information technology, with Campus Operations carrying the continuing schools and federal student-aid rules shaping the model.
Runs career-oriented postsecondary programs through the current Lincoln school brands. The network is concentrated in the United States and serves recent high-school graduates and working adults seeking job-specific training.
Program emphasis sits in skilled trades and automotive, with health sciences and information technology rounding out the current offering. Campus Operations is the continuing-school segment; Transitional had no campuses classified during the latest context year after the Summerlin sale.
Execution depends on matching local program demand, instruction quality, placement outcomes, recruiting, and tuition levels in a fragmented market. The model also depends heavily on federal student-aid programs, and proprietary-school eligibility is shaped by Title IV rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Lake Street | Reiterate | Rating: —Target: $55 | Target: $50 |
| Aug 10, 2026 | Barrington | Target | Target: $56 | Target: $50 |
| Jun 11, 2026 | Rosenblatt Securities | Target | Target: $39 | Target: $60 |
| May 28, 2026 | Northland Securities | Target | Target: $50 | Target: $60 |
| May 12, 2026 | Northland Securities | Target | Target: $44 | Target: $50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $44.2M · Total debt $228.1M · Total assets $529.8M · Shareholders' equity $202.4M
- Revenue
- $142.6M
- Operating income
- $3.3M
- Net income
- $1.9M
No dividends on record.
| Institutions | ≈ 91.45% | 29.01M shares | |
|---|---|---|---|
| 235 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 11.91% | 3.78M shares | |
| 14 holders · as of Jun 15, 2026 | |||
| Adds to | 103.36% | ||
31.72M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.36%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.83% | 2.48M | as of Jun 30, 2026 |
John A. Bartholdson1Insiderdirector | 6.13% | 1.95M | filed Jun 15, 2026 |
Juniper Investment Company, LLCInstitution | 5.46% | 1.73M | as of Jun 30, 2026 |
AllianceBernstein L.P.Institution | 4.93% | 1.56M | as of Jun 30, 2026 |
Needham Investment Management LLCInstitution | 4.18% | 1.33M | as of Jun 30, 2026 |
- John A. Bartholdson's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.95M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Juniper Investment Company, LLC | other: Affiliate | −37,000 | $46.88 |
| Jun 11, 2026 | Juniper Investment Company, LLC | other: Affiliate | −11,812 | $47.87 |
| Jun 15, 2026 | Alexandra M. Luster | officer: SVP and General Counsel | −18,007 | $44.64 |
| Jun 10, 2026 | Kevin M. Carney | director | −3,000 | $48.00 |
| Jun 5, 2026 | Alexandra M. Luster | officer: SVP and General Counsel | −1,993 | $50.11 |
- Universal Technical Institute
Closest public peer across trades, transportation, and healthcare schools
- American Public Education
Health-sciences campuses and adult online programs for career learners
- Strategic Education
Adult higher-education and employer-benefit platform overlap
- Perdoceo Education
Online career education with added health-sciences overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lincoln Educational Services | $24.18 | −0.17% | $768.3M | 32.7 | 25.9 | 1.3 | +22.4% |
| Universal Technical Institute | $20.07 | −1.67% | $1.12B | 33.0 | 30.1 | 1.3 | +7.2% |
| American Public Education | $40.33 | −0.62% | $744.4M | 16.7 | 15.7 | 1.1 | +5.5% |
| Strategic Education | $76.25 | −0.29% | $1.74B | 12.7 | 9.4 | 1.4 | +2.7% |
| Perdoceo Education | $30.89 | −1.10% | $1.96B | 11.4 | — | 2.3 | +1.8% |
| Median | 14.7 | 15.7 | 1.3 | +4.1% |