Lincoln Educational Services Corporation (LINC) Position Reduced by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 32.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,600 shares of the company’s stock after selling 161,060 shares during the period. Royce & Associates LP owned 1.34% of Lincoln Educational Services Corporation worth $1,025,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Essex Investment Management Co. LLC bought a new stake in Lincoln Educational Services Corporation during the second quarter valued at approximately $133,000. Spark Investment Management LLC bought a new stake in Lincoln Educational Services Corporation during the second quarter valued at approximately $109,000. Finally, Renaissance Technologies LLC lifted its position in Lincoln Educational Services Corporation by 13.9% during the first quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock valued at $1,817,000 after purchasing an additional 78,981 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

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LINC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Lincoln Educational Services Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine lowered shares of Lincoln Educational Services Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th.

Shares of Lincoln Educational Services Corporation (NASDAQ LINC) opened at 2.67 on Friday. The firm’s 50-day moving average is $2.93 and its 200 day moving average is $2.95. Lincoln Educational Services Corporation has a 12 month low of $1.56 and a 12 month high of $3.74. The company’s market capitalization is $66.00 million.

Lincoln Educational Services Corporation (NASDAQ:LINC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Lincoln Educational Services Corporation had a negative net margin of 16.19% and a negative return on equity of 24.26%. The company had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.48 million. During the same period last year, the business earned ($0.13) earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts expect that Lincoln Educational Services Corporation will post ($0.46) EPS for the current year.

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).

Institutional Ownership by Quarter for Lincoln Educational Services Corporation (NASDAQ:LINC)

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