Zacks Investment Research downgrades Lincoln Educational Services (NASDAQ:LINC) to hold


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

A number of other equity research analysts have also weighed in on LINC recently. Colliers Securities reissued a “buy” rating and set a target price of $10.00 on shares of Lincoln Educational Services in a Tuesday, March 1, report. StockNews.com downgraded Lincoln Educational Services from a “strong buy” rating to a “buy” rating in a report released 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 minimum of $5.12 and a one-year maximum of $8.20. The stock has a market capitalization of $150.20 million, a price-to-earnings ratio of 6.12, a growth price-to-earnings ratio of 0.59 and a beta of 0.86.

Lincoln Educational Services (NASDAQ:LINC – Get Rating) last released quarterly earnings data on Monday, February 28. The company reported EPS of $0.73 for the quarter, beating analyst consensus estimates of $0.24 by $0.49. Lincoln Educational Services achieved a net margin of 8.97% and a return on equity of 27.80%. The company posted revenue of $87.82 million in the quarter, compared to $87.38 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.31. Research analysts expect Lincoln Educational Services to post EPS of 0.65 for the current fiscal year.

A number of hedge funds have been buying and selling stocks recently. Geode Capital Management LLC increased 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 valued at $1,376,000 after purchasing an additional 1,788 shares last quarter. Northern Trust Corp increased its stake in Lincoln Educational Services by 6.2% in the first quarter. Northern Trust Corp now owns 46,203 shares of the company valued at $330,000 after buying an additional 2,710 shares in the last quarter. Bank of New York Mellon Corp increased 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 valued at $602,000 after buying 3,306 additional shares last quarter. BlackRock Inc. increased its stake in Lincoln Educational Services by 0.7% in the fourth quarter. BlackRock Inc. now owns 521,149 shares of the company valued at $3,894,000 after purchasing an additional 3,457 shares last quarter. Finally, Goldman Sachs Group Inc. increased 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 valued at $698,000 after buying 3,550 additional shares last quarter. 60.46% of the shares are held by institutional investors and hedge funds.

Lincoln Educational Services Company Profile (Get an evaluation)

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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