ValuEngine Lowers Lincoln Educational Services (NASDAQ:LINC) to Hold

Lincoln Educational Services (NASDAQ:LINC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Lincoln Educational Services from a “c” rating to a “d+” rating in a report on Thursday, June 13th. Zacks Investment Research upgraded Lincoln Educational Services from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective on the stock in a report on Saturday, August 17th.

Shares of LINC traded up $0.01 during trading hours on Wednesday, reaching $2.15. The stock had a trading volume of 5,424 shares, compared to its average volume of 20,019. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.75. Lincoln Educational Services has a 52 week low of $1.51 and a 52 week high of $3.34. The firm has a 50-day moving average of $1.96 and a 200 day moving average of $2.61. The company has a market cap of $53.99 million, a P/E ratio of -7.96, a P/E/G ratio of 1.02 and a beta of 0.78.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The firm had revenue of $63.57 million for the quarter, compared to analyst estimates of $62.45 million. Lincoln Educational Services had a negative return on equity of 11.61% and a negative net margin of 1.54%. As a group, equities analysts expect that Lincoln Educational Services will post 0.15 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP bought a new stake in shares of Lincoln Educational Services during the second quarter worth $674,000. Renaissance Technologies LLC raised its holdings in shares of Lincoln Educational Services by 2.1% during the second quarter. Renaissance Technologies LLC now owns 693,128 shares of the company’s stock worth $1,601,000 after acquiring an additional 14,582 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Lincoln Educational Services during the second quarter worth $40,000. Institutional investors own 66.01% of the company’s stock.

About Lincoln Educational Services

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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.

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