Lincoln Educational Services (LINC) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research downgraded shares of Lincoln Educational Services (NASDAQ:LINC) from a hold rating to a sell rating in a research note released on Thursday morning.
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. “
Separately, ValuEngine downgraded Lincoln Educational Services from a sell rating to a strong sell rating in a research note on Tuesday, December 19th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Lincoln Educational Services by 51.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock worth $142,000 after acquiring an additional 15,568 shares during the period. Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services during the 2nd quarter worth approximately $187,000. Essex Investment Management Co. LLC boosted its stake in shares of Lincoln Educational Services by 159.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 111,414 shares of the company’s stock worth $279,000 after acquiring an additional 68,537 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Lincoln Educational Services by 103.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,598,872 shares of the company’s stock worth $3,997,000 after acquiring an additional 813,960 shares during the period. Institutional investors own 62.17% of the company’s stock.
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About Lincoln Educational Services
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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