Zacks Investment Research upgraded shares of Lincoln Educational Services Corporation (NASDAQ:LINC) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $2.75 target price on the stock.

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. “

Separately, ValuEngine downgraded shares of Lincoln Educational Services Corporation from a hold rating to a sell rating in a research note on Wednesday, September 6th.

Lincoln Educational Services Corporation (LINC) traded up 0.87% during mid-day trading on Wednesday, hitting $2.33. 128,715 shares of the stock were exchanged. The stock’s 50 day moving average is $2.69 and its 200 day moving average is $2.98. The stock’s market cap is $57.60 million. Lincoln Educational Services Corporation has a 52-week low of $1.56 and a 52-week high of $3.74.

Lincoln Educational Services Corporation (NASDAQ:LINC) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.03). The business had revenue of $61.90 million during the quarter, compared to analysts’ expectations of $62.48 million. Lincoln Educational Services Corporation had a negative return on equity of 24.26% and a negative net margin of 16.19%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. Analysts forecast that Lincoln Educational Services Corporation will post ($0.46) EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in Lincoln Educational Services Corporation by 13.9% during the first quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock worth $1,817,000 after purchasing an additional 78,981 shares during the period. Janus Henderson Group PLC purchased a new position in Lincoln Educational Services Corporation during the second quarter worth about $187,000. Dimensional Fund Advisors LP raised its stake in Lincoln Educational Services Corporation by 51.7% during the second quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock worth $142,000 after purchasing an additional 15,568 shares during the period. Essex Investment Management Co. LLC purchased a new position in Lincoln Educational Services Corporation during the second quarter worth about $133,000. Finally, Spark Investment Management LLC purchased a new position in Lincoln Educational Services Corporation during the second quarter worth about $109,000. 62.06% of the stock is currently owned by institutional investors.

About Lincoln Educational Services Corporation

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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