Lincoln Educational Services (NASDAQ:LINC – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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 main 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 equities research analysts also recently weighed in on LINC. Colliers Securities reissued a “buy” rating and set a $10.00 target price on shares of Lincoln Educational Services in a report on Tuesday, March 1st. StockNews.com downgraded Lincoln Educational Services from a “strong-buy” rating to a “buy” rating in a report on Thursday.
LINC stock opened at $5.51 on Friday. The company has a fifty day moving average price of $6.96 and a two-hundred day moving average price of $7.17. Lincoln Educational Services has a one year low of $5.12 and a one year high of $8.20. The stock has a market cap of $150.20 million, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.86.
Lincoln Educational Services (NASDAQ:LINC – Get Rating) last released its quarterly earnings data on Monday, February 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.49. Lincoln Educational Services had a net margin of 8.97% and a return on equity of 27.80%. The firm had revenue of $87.82 million during the quarter, compared to analysts’ expectations of $87.38 million. During the same period in the previous year, the business posted $0.31 earnings per share. Research analysts expect that Lincoln Educational Services will post 0.65 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Lincoln Educational Services by 0.9% in the third quarter. Geode Capital Management LLC now owns 205,804 shares of the company’s stock valued at $1,376,000 after purchasing an additional 1,788 shares in the last quarter. Northern Trust Corp raised its stake in Lincoln Educational Services by 6.2% in the first quarter. Northern Trust Corp now owns 46,203 shares of the company’s stock valued at $330,000 after purchasing an additional 2,710 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Lincoln Educational Services by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 84,070 shares of the company’s stock valued at $602,000 after purchasing an additional 3,306 shares in the last quarter. BlackRock Inc. raised its stake in Lincoln Educational Services by 0.7% in the fourth quarter. BlackRock Inc. now owns 521,149 shares of the company’s stock valued at $3,894,000 after purchasing an additional 3,457 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Lincoln Educational Services by 3.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 93,493 shares of the company’s stock valued at $698,000 after purchasing an additional 3,550 shares in the last quarter. 60.46% of the stock is owned by institutional investors and hedge funds.
Lincoln Educational Services Company Profile (GetRating)
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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