Lincoln Educational Services Corporation (NASDAQ:LINC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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. “

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC) opened at 2.94 on Friday. Lincoln Educational Services Corporation has a one year low of $1.56 and a one year high of $3.74. The company’s market capitalization is $70.45 million. The firm’s 50-day moving average price is $3.16 and its 200 day moving average price is $2.80.

Lincoln Educational Services Corporation (NASDAQ:LINC) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.03. Lincoln Educational Services Corporation had a negative return on equity of 22.20% and a negative net margin of 16.19%. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.48 million. During the same quarter last year, the business earned ($0.13) earnings per share. Lincoln Educational Services Corporation’s revenue was down 9.1% compared to the same quarter last year. Analysts anticipate that Lincoln Educational Services Corporation will post ($0.51) earnings per share for the current year.

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In other Lincoln Educational Services Corporation news, insider Deborah M. Ramentol sold 40,000 shares of Lincoln Educational Services Corporation stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $3.04, for a total value of $121,600.00. Following the completion of the sale, the insider now directly owns 56,769 shares in the company, valued at $172,577.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian K. Meyers sold 50,000 shares of Lincoln Educational Services Corporation stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $3.10, for a total value of $155,000.00. Following the completion of the sale, the chief financial officer now owns 169,449 shares of the company’s stock, valued at $525,291.90. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

A number of large investors have recently modified their holdings of LINC. Dimensional Fund Advisors LP increased its stake in shares of Lincoln Educational Services Corporation by 51.7% in the second quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock worth $142,000 after buying an additional 15,568 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Lincoln Educational Services Corporation during the second quarter worth $133,000. Spark Investment Management LLC acquired a new stake in shares of Lincoln Educational Services Corporation during the second quarter worth $109,000. Finally, Renaissance Technologies LLC increased its stake in shares of Lincoln Educational Services Corporation by 13.9% in the first quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock worth $1,817,000 after buying an additional 78,981 shares during the last quarter. Institutional investors and hedge funds own 62.57% of the company’s stock.

Lincoln Educational Services Corporation Company Profile

Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).

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