Zacks Investment Research Lowers Lincoln Educational Services Corp. (LINC) to Hold
Lincoln Educational Services Corp. (NASDAQ:LINC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Lincoln Educational is a leading and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. It offers recent high school graduates and working adults degree and diploma programs in four principal areas of study: automotive technology, allied health (which includes programs for medical administrative assistants, medical assistants, pharmacy technicians and massage therapists), skilled trades and business and information technology. “
Lincoln Educational Services Corp. (NASDAQ:LINC) traded down 1.97% during trading on Wednesday, hitting $1.99. The stock had a trading volume of 23,500 shares. The stock’s 50-day moving average is $2.15 and its 200 day moving average is $1.93. The firm has a market cap of $47.40 million, a price-to-earnings ratio of 24.88 and a beta of 2.54. Lincoln Educational Services Corp. has a one year low of $0.88 and a one year high of $3.20.
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Lincoln Educational Services Corp. (NASDAQ:LINC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.08. The firm earned $68.10 million during the quarter, compared to analysts’ expectations of $41.57 million. Lincoln Educational Services Corp. had a negative return on equity of 5.14% and a net margin of 0.91%. Lincoln Educational Services Corp.’s revenue was down 42.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) earnings per share. Equities analysts anticipate that Lincoln Educational Services Corp. will post ($0.03) earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Lincoln Educational Services Corp. by 29.8% in the first quarter. Renaissance Technologies LLC now owns 349,300 shares of the company’s stock worth $866,000 after buying an additional 80,100 shares during the period. Heartland Advisors Inc. boosted its position in Lincoln Educational Services Corp. by 2.1% in the second quarter. Heartland Advisors Inc. now owns 4,054,211 shares of the company’s stock worth $6,081,000 after buying an additional 84,734 shares during the period. Nantahala Capital Management LLC boosted its position in Lincoln Educational Services Corp. by 5.9% in the first quarter. Nantahala Capital Management LLC now owns 2,151,049 shares of the company’s stock worth $5,335,000 after buying an additional 120,404 shares during the period. Bridgeway Capital Management Inc. boosted its position in Lincoln Educational Services Corp. by 14.9% in the second quarter. Bridgeway Capital Management Inc. now owns 579,905 shares of the company’s stock worth $870,000 after buying an additional 75,000 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Lincoln Educational Services Corp. by 30.2% in the second quarter. BlackRock Fund Advisors now owns 71,336 shares of the company’s stock worth $107,000 after buying an additional 16,553 shares during the period. 57.17% of the stock is owned by institutional investors.
About Lincoln Educational Services Corp.
Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).
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