The stock of Lincoln Educational Services Corp (NASDAQ:LINC) is a huge mover today! The stock decreased 2.76% or $0.06 on October 5, hitting $2.11. About 115,024 shares traded hands or 115.92% up from the average. Lincoln Educational Services Corp (NASDAQ:LINC) has declined 16.86% since March 2, 2016 and is downtrending. It has underperformed by 25.12% the S&P500.
The move comes after 8 months negative chart setup for the $49.57M company. It was reported on Oct, 6 by Barchart.com. We have $1.86 PT which if reached, will make NASDAQ:LINC worth $5.95 million less.
Analysts await Lincoln Educational Services Corp (NASDAQ:LINC) to report earnings on November, 2. They expect $0.18 earnings per share, up 63.64% or $0.07 from last year’s $0.11 per share. LINC’s profit will be $4.23M for 2.93 P/E if the $0.18 EPS becomes a reality. After $-0.12 actual earnings per share reported by Lincoln Educational Services Corp for the previous quarter, Wall Street now forecasts -250.00% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.67 in 2016 Q2. Its up 1.27, from 1.4 in 2016Q1. The ratio improved, as 2 funds sold all Lincoln Educational Services Corp shares owned while 4 reduced positions. 5 funds bought stakes while 11 increased positions. They now own 13.60 million shares or 1.87% more from 13.35 million shares in 2016Q1.
Eagle Advsrs Lc holds 127,020 shares or 0.01% of its portfolio. Walleye Trading Limited Liability holds 400 shares or 0% of its portfolio. Retail Bank Of Montreal Can holds 0% or 9,558 shares in its portfolio. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0% in Lincoln Educational Services Corp (NASDAQ:LINC). Federated Invsts Pa has 0% invested in the company for 109 shares. Blackrock Fund Advsrs has 0% invested in the company for 71,336 shares. Heartland Inc owns 4.05 million shares or 0.34% of their US portfolio. Wells Fargo Mn accumulated 0% or 1 shares. Hightower Advisors Limited Co has invested 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC). Bridgeway Capital Mgmt last reported 579,905 shares in the company. State Street Corporation holds 0% or 13,674 shares in its portfolio. California Pub Employees Retirement has invested 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC). Paradice Investment Mngmt Ltd Com has 0.47% invested in the company for 2.61 million shares. Auxier Asset Mngmt has 0.09% invested in the company for 261,100 shares. Northern Tru Corp last reported 0% of its portfolio in the stock.
More notable recent Lincoln Educational Services Corp (NASDAQ:LINC) news were published by: Seekingalpha.com which released: “Lincoln Educational Services Corp. (LINC) CEO Scott Shaw on Q2 2016 Results …” on August 03, 2016, also Globenewswire.com with their article: “Lincoln Educational Services Corporation Launches Plan to Streamline Business …” published on November 03, 2015, Globenewswire.com published: “Lincoln Educational Services Corporation Reports First Quarter 2016 Financial …” on May 05, 2016. More interesting news about Lincoln Educational Services Corp (NASDAQ:LINC) were released by: Finance.Yahoo.com and their article: “Will Lincoln Educational Services (LINC) Continue to Surge Higher?” published on September 09, 2016 as well as Prnewswire.com‘s news article titled: “Lincoln Educational Services Receives Military Friendly Schools Designation …” with publication date: December 02, 2015.
LINC Company Profile
Lincoln Educational Services Corporation, incorporated in 2003, is a well-known provider of post-secondary education to high school graduates and working adults. The Firm operates in two divisions: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing). The Transitional segment includes activities that are being phased out and consists of its campus that is being taught out. It offers programs in automotive technology, skilled trades, which include HVAC, welding and computerized numerical control and electronic systems technology, among other programs; healthcare services, which include nursing, dental assistant, medical administrative assistant and pharmacy technician, among other programs; hospitality services, which include culinary, therapeutic massage, cosmetology and aesthetics, and business and information technology, which includes information technology and criminal justice programs. The Company’s schools operate under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln College of New England, Lincoln Culinary Institute and Euphoria Institute of Beauty Arts and Sciences brand names. The Firm operates approximately 30 schools in approximately 10 states. The Firm has approximately 11,880 students enrolled.
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