Lincoln Educational Services Corporation (NASDAQ:LINC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Separately, ValuEngine cut Lincoln Educational Services Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th.

Lincoln Educational Services Corporation (NASDAQ LINC) opened at 2.22 on Tuesday. The firm’s 50-day moving average is $2.67 and its 200-day moving average is $2.98. Lincoln Educational Services Corporation has a 12 month low of $1.56 and a 12 month high of $3.74. The company’s market capitalization is $54.88 million.

Lincoln Educational Services Corporation (NASDAQ:LINC) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.03). The firm had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.48 million. Lincoln Educational Services Corporation had a negative return on equity of 24.26% and a negative net margin of 16.19%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the company earned ($0.13) earnings per share. Equities analysts anticipate that Lincoln Educational Services Corporation will post ($0.46) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC purchased a new stake in shares of Lincoln Educational Services Corporation during the 2nd quarter worth approximately $187,000. Dimensional Fund Advisors LP increased its position in shares of Lincoln Educational Services Corporation by 51.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock valued at $142,000 after purchasing an additional 15,568 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Lincoln Educational Services Corporation during the 2nd quarter valued at approximately $133,000. Spark Investment Management LLC bought a new position in shares of Lincoln Educational Services Corporation during the 2nd quarter valued at approximately $109,000. Finally, Renaissance Technologies LLC increased its position in shares of Lincoln Educational Services Corporation by 13.9% during the 1st quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock valued at $1,817,000 after purchasing an additional 78,981 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

About Lincoln Educational Services Corporation

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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