Lincoln Educational Services (NASDAQ:LINC) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Lincoln Educational Services (NASDAQ:LINC) from a buy rating to a hold rating in a report released on Thursday, reports.

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. “

LINC has been the subject of a number of other reports. TheStreet upgraded SUMMIT THERAPEU/S from a d rating to a c- rating in a research note on Thursday, June 13th. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st.

Shares of Lincoln Educational Services stock opened at $2.13 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.63 and a quick ratio of 0.60. Lincoln Educational Services has a fifty-two week low of $1.64 and a fifty-two week high of $3.34. The company has a 50-day moving average price of $2.52.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Thursday, May 9th. The company reported ($0.22) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.22). Lincoln Educational Services had a negative return on equity of 14.22% and a negative net margin of 1.94%. The company had revenue of $63.26 million during the quarter, compared to the consensus estimate of $61.19 million. Equities research analysts anticipate that Lincoln Educational Services will post 0.13 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Lincoln Educational Services stock. Nantahala Capital Management LLC grew its holdings in Lincoln Educational Services Corp (NASDAQ:LINC) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,436,805 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Nantahala Capital Management LLC owned approximately 9.89% of Lincoln Educational Services worth $7,798,000 as of its most recent filing with the Securities & Exchange Commission. 63.48% of the stock is currently owned by institutional investors.

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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