The stock of Lincoln Educational Services Corp (NASDAQ:LINC) is a huge mover today! The stock increased 6.22% or $0.12 on November 29, hitting $2.05. About 119,601 shares traded hands or 33.58% up from the average. Lincoln Educational Services Corp (NASDAQ:LINC) has declined 12.27% since April 26, 2016 and is downtrending. It has underperformed by 17.53% the S&P500.
The move comes after 5 months positive chart setup for the $53.45M company. It was reported on Nov, 29 by Barchart.com. We have $2.15 PT which if reached, will make NASDAQ:LINC worth $2.67 million more.
Analysts await Lincoln Educational Services Corp (NASDAQ:LINC) to report earnings on March, 1. They expect $0.08 earnings per share, down 20.00% or $0.02 from last year’s $0.1 per share. LINC’s profit will be $2.09 million for 6.41 P/E if the $0.08 EPS becomes a reality. After $0.05 actual earnings per share reported by Lincoln Educational Services Corp for the previous quarter, Wall Street now forecasts 60.00% 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 decreased to 1.5 in 2016 Q2. Its down 1.17, from 2.67 in 2016Q1. The ratio turned negative, 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.
Moreover, California Pub Employees Retirement has 0% invested in Lincoln Educational Services Corp (NASDAQ:LINC) for 67,200 shares. Hightower Advsr Llc owns 15,500 shares or 0% of their US portfolio. Blackrock Fund, a California-based fund reported 71,336 shares. Renaissance Techs holds 0% or 393,900 shares in its portfolio. Dimensional Fund Advsr Lp accumulated 0% or 26,240 shares. Bankshares Of Montreal Can, a Ontario – Canada-based fund reported 9,558 shares. Morgan Stanley holds 0% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC) for 46,075 shares. Moreover, Blackrock Institutional Na has 0% invested in Lincoln Educational Services Corp (NASDAQ:LINC) for 609,152 shares. Federated Invsts Inc Pa last reported 0% of its portfolio in the stock. Jpmorgan Chase & last reported 11,000 shares in the company. Vanguard Gp last reported 0% of its portfolio in the stock. Goldman Sachs Group last reported 97,271 shares in the company. Deutsche Retail Bank Ag has 11,500 shares for 0% of their US portfolio. Globeflex Capital L P last reported 0% of its portfolio in the stock. Spark Invest Ltd Llc holds 0.01% of its portfolio in Lincoln Educational Services Corp (NASDAQ:LINC) for 64,800 shares.
More recent Lincoln Educational Services Corp (NASDAQ:LINC) news were published by: Globenewswire.com which released: “Lincoln Educational Services Corporation Schedules Third Quarter Earnings …” on October 12, 2016. Also Seekingalpha.com published the news titled: “Lincoln Educational Services Corp. (LINC) CEO Scott Shaw on Q2 2016 Results …” on August 03, 2016. Globenewswire.com‘s news article titled: “Lincoln Educational Services Corporation Launches Plan to Streamline Business …” with publication date: November 03, 2015 was also an interesting one.
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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