Zacks Investment Research upgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a hold rating to a buy rating in a research note released on Wednesday, Zacks.com reports. They currently have $3.25 target price 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 equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Lincoln Educational Services from a hold rating to a buy rating in a research report on Monday, April 1st. TheStreet upgraded shares of Lincoln Educational Services from a d+ rating to a c rating in a research report on Friday, March 8th.
Lincoln Educational Services stock traded down $0.28 during midday trading on Wednesday, hitting $2.65. The company’s stock had a trading volume of 478 shares, compared to its average volume of 5,102. The company has a current ratio of 0.63, a quick ratio of 0.86 and a debt-to-equity ratio of 1.66. Lincoln Educational Services has a 12 month low of $1.55 and a 12 month high of $3.34. The stock has a market cap of $73.94 million, a PE ratio of -9.81, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22). Lincoln Educational Services had a negative net margin of 1.94% and a negative return on equity of 14.22%. The firm had revenue of $63.26 million for the quarter, compared to analysts’ expectations of $61.19 million. On average, equities analysts predict that Lincoln Educational Services will post 0.13 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC increased its stake in Lincoln Educational Services by 5.1% in the 1st quarter. Essex Investment Management Co. LLC now owns 162,122 shares of the company’s stock worth $503,000 after purchasing an additional 7,875 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Lincoln Educational Services in the 1st quarter worth about $45,000. Renaissance Technologies LLC increased its stake in Lincoln Educational Services by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 678,546 shares of the company’s stock worth $2,103,000 after purchasing an additional 9,171 shares in the last quarter. Nantahala Capital Management LLC increased its stake in Lincoln Educational Services by 0.8% in the 4th quarter. Nantahala Capital Management LLC now owns 2,436,805 shares of the company’s stock worth $7,798,000 after purchasing an additional 20,000 shares in the last quarter. Finally, 22NW LP increased its stake in Lincoln Educational Services by 23.3% in the 4th quarter. 22NW LP now owns 1,453,783 shares of the company’s stock worth $4,652,000 after purchasing an additional 274,314 shares in the last quarter. 63.62% of the stock is currently 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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