Lincoln Educational Services Corp. (LINC) Upgraded to “Buy” at Zacks Investment Research
Lincoln Educational Services Corp. (NASDAQ:LINC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $2.00 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 14.94% from the stock’s current price.
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. “
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) opened at 1.74 on Tuesday. The company has a market capitalization of $41.44 million, a price-to-earnings ratio of 21.75 and a beta of 2.53. Lincoln Educational Services Corp. has a 12 month low of $0.89 and a 12 month high of $3.20. The company has a 50-day moving average price of $2.14 and a 200-day moving average price of $1.89.
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Lincoln Educational Services Corp. (NASDAQ:LINC) last released its earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.08. The business had revenue of $68.10 million for 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%. The firm’s revenue was down 42.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. On average, equities analysts anticipate that Lincoln Educational Services Corp. will post ($0.03) EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in shares of 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. Renaissance Technologies LLC boosted its position in shares of 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. Bridgeway Capital Management Inc. boosted its position in shares of 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. Vanguard Group Inc. boosted its position in shares of Lincoln Educational Services Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 711,150 shares of the company’s stock worth $1,067,000 after buying an additional 14,089 shares during the period. Finally, Nantahala Capital Management LLC boosted its position in shares of 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. 57.17% of the stock is currently owned by hedge funds and other institutional investors.
Lincoln Educational Services Corp. Company Profile
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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