Lincoln Educational Services Corp (NASDAQ:LINC) Short Interest Update

Lincoln Educational Services Corp (NASDAQ:LINC) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 28,600 shares, a drop of 8.3% from the June 30th total of 31,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 29,200 shares, the short-interest ratio is currently 1.0 days.

Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of Lincoln Educational Services by 2.1% during the 2nd 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 in the last quarter. Paloma Partners Management Co bought a new position in shares of Lincoln Educational Services during the 2nd quarter worth approximately $40,000. Finally, Essex Investment Management Co. LLC grew its stake in shares of Lincoln Educational Services by 79.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 291,702 shares of the company’s stock worth $674,000 after acquiring an additional 129,580 shares in the last quarter. 63.48% of the stock is owned by institutional investors.

Several analysts have commented on LINC shares. TheStreet downgraded shares of Lincoln Educational Services from a “c” rating to a “d+” rating in a report on Thursday, June 13th. ValuEngine downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Zacks Investment Research upgraded shares of Lincoln Educational Services from a “hold” rating to a “strong-buy” rating and set a $2.00 target price on the stock in a report on Saturday.

Shares of LINC stock opened at $1.66 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.60 and a current ratio of 0.63. The company’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $2.74. Lincoln Educational Services has a 52 week low of $1.51 and a 52 week high of $3.34.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $63.57 million for the quarter, compared to the consensus estimate of $62.45 million. Lincoln Educational Services had a negative net margin of 1.54% and a negative return on equity of 11.25%. On average, analysts predict that Lincoln Educational Services will post 0.15 earnings per share for the current year.

Lincoln Educational Services Company Profile

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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