Lincoln Educational Services Corp (NASDAQ:LINC) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 36,073 shares, a decline of 5.7% from the February 28th total of 38,255 shares. Based on an average trading volume of 102,952 shares, the short-interest ratio is presently 0.4 days.
Hedge funds have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its stake in Lincoln Educational Services Corp by 2.9% in the third quarter. Nantahala Capital Management LLC now owns 2,263,899 shares of the company’s stock valued at $4,981,000 after buying an additional 63,405 shares during the period. Renaissance Technologies LLC boosted its stake in Lincoln Educational Services Corp by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 567,700 shares of the company’s stock valued at $1,090,000 after buying an additional 142,100 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in Lincoln Educational Services Corp during the fourth quarter valued at $376,000. Institutional investors and hedge funds own 55.69% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Lincoln Educational Services Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th.
Lincoln Educational Services Corp (NASDAQ:LINC) traded down 1.07% during trading on Thursday, reaching $2.77. 17,528 shares of the company traded hands. Lincoln Educational Services Corp has a 52 week low of $1.30 and a 52 week high of $3.11. The company’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.08. The firm’s market capitalization is $68.47 million.
Lincoln Educational Services Corp (NASDAQ:LINC) last released its quarterly earnings results on Wednesday, March 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $50.35 million for the quarter, compared to analysts’ expectations of $47.66 million. Lincoln Educational Services Corp had a negative net margin of 0.61% and a negative return on equity of 6.88%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Lincoln Educational Services Corp will post ($0.30) EPS for the current year.
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About Lincoln Educational Services Corp
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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