Lincoln Educational Services Corporation (NASDAQ:LINC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, July 12th.

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 Corporation (LINC) opened at 3.32 on Wednesday. The company has a 50-day moving average of $3.18 and a 200-day moving average of $2.75. The firm’s market capitalization is $82.07 million. Lincoln Educational Services Corporation has a 52 week low of $1.56 and a 52 week high of $3.74.

Lincoln Educational Services Corporation (NASDAQ:LINC) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.24. Lincoln Educational Services Corporation had a negative net margin of 16.00% and a negative return on equity of 14.19%. The business had revenue of $65.30 million during the quarter, compared to analyst estimates of $45.33 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The business’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities analysts forecast that Lincoln Educational Services Corporation will post ($0.51) earnings per share for the current fiscal year.

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In related news, CFO Brian K. Meyers sold 50,000 shares of Lincoln Educational Services Corporation stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $3.10, for a total transaction of $155,000.00. Following the completion of the sale, the chief financial officer now directly owns 169,449 shares of the company’s stock, valued at approximately $525,291.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Deborah M. Ramentol sold 40,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $3.04, for a total value of $121,600.00. Following the transaction, the insider now owns 56,769 shares in the company, valued at approximately $172,577.76. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of LINC. Essex Investment Management Co. LLC bought a new position in Lincoln Educational Services Corporation during the second quarter worth approximately $133,000. Spark Investment Management LLC bought a new position in Lincoln Educational Services Corporation during the second quarter worth approximately $109,000. Finally, Renaissance Technologies LLC raised its position in Lincoln Educational Services Corporation by 13.9% in the first quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock worth $1,817,000 after buying an additional 78,981 shares during the period. Hedge funds and other institutional investors own 62.57% of the company’s stock.

Lincoln Educational Services Corporation 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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