Zacks Investment Research downgraded shares of Lincoln Educational Services Corp. (NASDAQ:LINC) from a strong-buy rating to a hold rating in a report issued on Wednesday morning.

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 0.47% on Wednesday, hitting $2.11. 3,592 shares of the company’s stock traded hands. Lincoln Educational Services Corp. has a 12 month low of $0.88 and a 12 month high of $3.20. The stock has a 50 day moving average price of $2.15 and a 200-day moving average price of $1.93. The stock has a market cap of $50.25 million, a P/E ratio of 26.38 and a beta of 2.54.

Lincoln Educational Services Corp. (NASDAQ:LINC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.08. Lincoln Educational Services Corp. had a negative return on equity of 5.14% and a net margin of 0.91%. The business had revenue of $68.10 million for the quarter, compared to the consensus estimate of $41.57 million. During the same quarter in the prior year, the company earned ($0.33) EPS. The business’s revenue was down 42.1% compared to the same quarter last year. Equities analysts predict that Lincoln Educational Services Corp. will post ($0.03) earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of LINC. Renaissance Technologies LLC increased 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 last quarter. Heartland Advisors Inc. increased 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 last quarter. Nantahala Capital Management LLC increased 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 last quarter. Bridgeway Capital Management Inc. increased 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 last quarter. Finally, BlackRock Fund Advisors increased 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 last quarter. 57.17% of the stock is currently owned by institutional investors and hedge funds.

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).

5 Day Chart for NASDAQ:LINC

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