Lincoln Educational Services (NASDAQ:LINC - Get Rating) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report released on Saturday, Zacks.com reports.
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. "
A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Lincoln Educational Services from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Colliers Securities reiterated a "buy" rating and issued a $10.00 price target on shares of Lincoln Educational Services in a research report on Tuesday, March 1st.
Shares of NASDAQ LINC opened at $5.51 on Friday. The firm has a market capitalization of $150.20 million, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.86. Lincoln Educational Services has a 1 year low of $5.12 and a 1 year high of $8.20. The firm's 50-day moving average is $6.96 and its 200-day moving average is $7.17.
Lincoln Educational Services (NASDAQ:LINC - Get Rating) last issued its earnings results on Monday, February 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.49. The company had revenue of $87.82 million for the quarter, compared to analyst estimates of $87.38 million. Lincoln Educational Services had a net margin of 8.97% and a return on equity of 27.80%. During the same quarter last year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Lincoln Educational Services will post 0.65 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Lincoln Educational Services by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 1,424,721 shares of the company's stock worth $10,186,000 after buying an additional 191,276 shares during the period. Royce & Associates LP raised its holdings in shares of Lincoln Educational Services by 27.2% in the first quarter. Royce & Associates LP now owns 1,202,004 shares of the company's stock valued at $8,594,000 after purchasing an additional 257,288 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Lincoln Educational Services by 12.4% in the first quarter. Renaissance Technologies LLC now owns 850,278 shares of the company's stock valued at $6,079,000 after purchasing an additional 93,500 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Lincoln Educational Services by 4.3% in the first quarter. BlackRock Inc. now owns 543,431 shares of the company's stock valued at $3,885,000 after purchasing an additional 22,282 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Lincoln Educational Services by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 369,499 shares of the company's stock valued at $2,642,000 after purchasing an additional 63,887 shares during the last quarter. Hedge funds and other institutional investors own 60.46% of the company's stock.
About Lincoln Educational Services (Get Rating)
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 two segments: Transportation and Skilled Trades, and Healthcare and Other Professions.
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