Zacks Investment Research upgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a hold rating to a strong-buy rating in a report released on Saturday, Zacks.com reports. Zacks Investment Research currently has $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. “
Several other research analysts also recently commented on LINC. TheStreet downgraded shares of Lincoln Educational Services from a c rating to a d+ rating in a report on Thursday, June 13th. ValuEngine downgraded shares of Lincoln Educational Services from a buy rating to a hold rating in a report on Monday, July 22nd.
Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. Lincoln Educational Services had a negative net margin of 1.54% and a negative return on equity of 11.61%. The firm had revenue of $63.57 million during the quarter, compared to the consensus estimate of $62.45 million. Research analysts forecast that Lincoln Educational Services will post 0.15 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in LINC. Paloma Partners Management Co purchased a new stake in shares of Lincoln Educational Services during the 2nd quarter valued at $40,000. Essex Investment Management Co. LLC raised its position in shares of Lincoln Educational Services by 79.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 291,702 shares of the company’s stock valued at $674,000 after buying an additional 129,580 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Lincoln Educational Services by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 693,128 shares of the company’s stock valued at $1,601,000 after buying an additional 14,582 shares in the last quarter. 63.49% of the stock is owned by hedge funds and other institutional investors.
Lincoln Educational Services Company Profile
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.
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