Zacks Investment Research upgraded shares of Lincoln Educational Services Corp. (NASDAQ:LINC) from a hold rating to a buy rating in a research note published on Tuesday morning. Zacks Investment Research currently has $2.00 price objective 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. “
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) opened at 1.69 on Tuesday. The stock has a market capitalization of $40.25 million, a price-to-earnings ratio of 21.13 and a beta of 2.54. Lincoln Educational Services Corp. has a one year low of $0.89 and a one year high of $3.20. The firm’s 50-day moving average is $2.13 and its 200-day moving average is $1.89.
Lincoln Educational Services Corp. (NASDAQ:LINC) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $41.57 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The company’s revenue was down 42.1% on a year-over-year basis. Equities research analysts forecast that Lincoln Educational Services Corp. will post ($0.03) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. increased 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 worth $870,000 after buying an additional 75,000 shares during the period. BlackRock Fund Advisors increased its stake 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 period. Vanguard Group Inc. increased its stake in 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. increased its stake 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 period. Finally, Nantahala Capital Management LLC increased its stake 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 period. 57.17% of the stock is 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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