Lincoln Educational Services (NASDAQ:LINC) cut to fit at Zacks Investment Research


Lincoln Educational Services (NASDAQ:LINC – Get an Assessment) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released Wednesday, Zacks.com reports.

According to Zacks, “Lincoln Educational is a leading, diverse, for-profit provider of career-focused post-secondary education headquartered in West Orange, New Jersey. It offers recent high school graduates and working adults programs leading to to a degree and diploma in four major areas of study: Automotive Technology, Paramedic (which includes programs for Medical Administrative Assistants, Physician Assistants, Pharmacy Technicians, and Massage Therapists), Skilled Trades, and Business and information Technology.”

Several other research analysts have also published reports on CLIC. Colliers Securities reaffirmed a “buy” rating and set a target price of $10.00 on shares of Lincoln Educational Services in a Tuesday, March 1 research report. StockNews.com launched coverage on Lincoln Educational Services in a research report Thursday, March 31. They have set a “Strong Buy” rating on the stock. One investment analyst gave the stock a hold rating, three gave the stock a buy rating and one gave the company a high buy rating. Based on data from MarketBeat, Lincoln Educational Services currently has an average rating of “Buy” and a consensus price target of $9.31.

NASDAQ LINC shares opened at $6.88 on Wednesday. The stock has a market capitalization of $188.85 million, a P/E ratio of 6.68, a price-to-earnings growth ratio of 0.76 and a beta of 0.86. Lincoln Educational Services has a 1 year minimum of $6.00 and a 1 year maximum of $8.20. The company has a fifty-day moving average price of $7.17 and a 200-day moving average price of $7.21.

Lincoln Educational Services (NASDAQ:LINC – Get Rating) last released quarterly earnings data on Monday, February 28. The company reported earnings per share of $0.73 for the quarter, beating analyst consensus estimates of $0.24 by $0.49. The company posted revenue of $87.82 million in the quarter, compared to $87.38 million expected by analysts. Lincoln Educational Services had a return on equity of 32.75% and a net margin of 10.35%. During the same period a year earlier, the company posted EPS of $0.31. Analysts predict Lincoln Educational Services will post EPS of 0.63 for the current year.

Hedge funds have recently changed their positions in the business. Arrowstreet Capital Limited Partnership increased its equity stake in Lincoln Educational Services by 9.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,430 shares of the company valued at $1,789,000 after purchasing an additional 22,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Lincoln Educational Services by 28.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 44,700 shares of the company worth $299,000 after purchasing an additional 10,000 shares in the last quarter. Perritt Capital Management Inc. increased its stake in shares of Lincoln Educational Services by 16.7% in the third quarter. Perritt Capital Management Inc. now owns 108,500 shares of the company worth $726,000 after buying an additional 15,500 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Lincoln Educational Services in the third quarter worth about $249,000. Finally, Assenagon Asset Management SA purchased a new equity stake in Lincoln Educational Services in the fourth quarter worth approximately $581,000. 60.46% of the shares are currently held by institutional investors and hedge funds.

About Lincoln Educational Services (Get a rating)

Lincoln Educational Services Corporation, together with its subsidiaries, provides a variety of 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 Health and Other Professions.

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About Dwight E. McCray

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