Trade Report: Today, Heartland Advisors Inc. Buys 330,411 Shares of Lincoln Educational Services Corp. (LINC)

Today, Heartland Advisors Inc. Buys 330,411 Shares of Lincoln Educational Services Corp. (LINC)

Heartland Advisors Inc. raised its stake in Lincoln Educational Services Corp. (NASDAQ:LINC) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,384,622 shares of the company’s stock after buying an additional 330,411 shares during the period. Heartland Advisors Inc. owned about 18.41% of Lincoln Educational Services Corp. worth $9,646,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in Lincoln Educational Services Corp. by 30.2% in the second quarter. BlackRock Fund Advisors now owns 71,336 shares of the company’s stock valued at $107,000 after buying an additional 16,553 shares in the last quarter. Bridgeway Capital Management Inc. raised its stake in Lincoln Educational Services Corp. by 14.9% in the second quarter. Bridgeway Capital Management Inc. now owns 579,905 shares of the company’s stock valued at $870,000 after buying an additional 75,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Lincoln Educational Services Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 711,150 shares of the company’s stock valued at $1,067,000 after buying an additional 14,089 shares in the last quarter. Institutional investors and hedge funds own 55.76% of the company’s stock.

Lincoln Educational Services Corp. (NASDAQ:LINC) traded down 0.0773% on Friday, reaching $1.8086. 2,125 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $1.79 and its 200 day moving average is $1.80. Lincoln Educational Services Corp. has a 1-year low of $1.30 and a 1-year high of $3.20. The stock’s market capitalization is $44.96 million.

Lincoln Educational Services Corp. (NASDAQ:LINC) last posted its earnings results on Thursday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $48.41 million. Lincoln Educational Services Corp. had a negative return on equity of 6.88% and a negative net margin of 0.61%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Analysts expect that Lincoln Educational Services Corp. will post ($0.25) EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Lincoln Educational Services Corp. from a “hold” rating to a “strong-buy” rating and set a $2.25 price objective on the stock in a research report on Saturday, August 6th.

About Lincoln Educational Services Corp.

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