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.
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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