Lincoln Educational Services Corp. (LINC) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Lincoln Educational Services Corp. (NASDAQ:LINC) from a hold rating to a buy rating in a research note issued to investors on Tuesday. They currently have $2.00 price target on the stock.
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) opened at 1.69 on Tuesday. The company has a 50 day moving average of $2.13 and a 200 day moving average of $1.89. The stock has a market capitalization of $40.25 million, a P/E ratio of 21.13 and a beta of 2.54. Lincoln Educational Services Corp. has a 52 week low of $0.89 and a 52 week high of $3.20.
Lincoln Educational Services Corp. (NASDAQ:LINC) last released its earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The company earned $68.10 million during the quarter, compared to analyst estimates of $41.57 million. Lincoln Educational Services Corp. had a net margin of 0.91% and a negative return on equity of 5.14%. The firm’s quarterly revenue was down 42.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) EPS. Equities analysts expect that Lincoln Educational Services Corp. will post ($0.03) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. raised its stake 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 valued at $870,000 after buying an additional 75,000 shares in the last quarter. BlackRock Fund Advisors raised its stake 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. Vanguard Group Inc. raised its stake 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. Heartland Advisors Inc. raised its stake in shares of 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. Finally, Nantahala Capital Management LLC raised its stake 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 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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