Lincoln Educational Services (NASDAQ:LINC) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
LINC has been the subject of a number of other reports. Barrington Research upped their price target on Lincoln Educational Services to $3.50 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Zacks Investment Research raised Lincoln Educational Services from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Wednesday, October 24th.
Lincoln Educational Services stock traded up $0.09 during trading hours on Friday, reaching $2.34. 12,800 shares of the company’s stock traded hands, compared to its average volume of 21,753. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. Lincoln Educational Services has a fifty-two week low of $1.49 and a fifty-two week high of $2.54. The company has a market cap of $52.49 million, a PE ratio of -4.88 and a beta of 2.28.
Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Wednesday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07. Lincoln Educational Services had a negative net margin of 1.85% and a negative return on equity of 12.10%. The company had revenue of $61.12 million for the quarter, compared to the consensus estimate of $60.45 million. Research analysts forecast that Lincoln Educational Services will post -0.06 EPS for the current year.
A hedge fund recently raised its stake in Lincoln Educational Services stock. Essex Investment Management Co. LLC grew its stake in Lincoln Educational Services Corp (NASDAQ:LINC) by 362.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,908 shares of the company’s stock after acquiring an additional 130,004 shares during the quarter. Essex Investment Management Co. LLC owned 0.67% of Lincoln Educational Services worth $289,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 62.95% 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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