Lincoln Educational Services Corporation (NASDAQ:LINC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $3.75 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 25.84% from the stock’s current price.

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. “

Lincoln Educational Services Corporation (LINC) traded down 9.70% during mid-day trading on Thursday, reaching $2.98. The company’s stock had a trading volume of 27,764 shares. Lincoln Educational Services Corporation has a 52-week low of $1.56 and a 52-week high of $3.74. The firm has a 50 day moving average price of $3.17 and a 200 day moving average price of $2.79. The company’s market cap is $73.66 million.

Lincoln Educational Services Corporation (NASDAQ:LINC) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.03. The company had revenue of $61.90 million during the quarter, compared to the consensus estimate of $62.48 million. Lincoln Educational Services Corporation had a negative return on equity of 22.20% and a negative net margin of 16.19%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) EPS. Equities research analysts anticipate that Lincoln Educational Services Corporation will post ($0.51) earnings per share for the current year.

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In related news, CFO Brian K. Meyers sold 50,000 shares of Lincoln Educational Services Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $3.10, for a total value of $155,000.00. Following the sale, the chief financial officer now owns 169,449 shares of the company’s stock, valued at approximately $525,291.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah M. Ramentol sold 40,000 shares of Lincoln Educational Services Corporation stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $3.04, for a total transaction of $121,600.00. Following the completion of the sale, the insider now directly owns 56,769 shares in the company, valued at approximately $172,577.76. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Spark Investment Management LLC bought a new stake in Lincoln Educational Services Corporation during the second quarter worth approximately $109,000. Essex Investment Management Co. LLC bought a new stake in Lincoln Educational Services Corporation during the second quarter worth approximately $133,000. Finally, Renaissance Technologies LLC boosted its stake in Lincoln Educational Services Corporation by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 567,700 shares of the company’s stock worth $1,090,000 after buying an additional 142,100 shares during the period. 62.57% of the stock is currently owned by institutional investors.

Lincoln Educational Services Corporation Company Profile

Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).

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