Lincoln Educational Services Will Be Added to Preliminary List of Reconstituted Russell 3000® Index
May 24 2023 - 8:30AM
Lincoln Educational Services Corporation (Nasdaq:
LINC), a leading provider of specialized technical
training, including automotive technology, the skilled trades,
healthcare, IT, culinary, and cosmetology has been included in the
preliminary list of additions to the annual reconstitution of the
broad-market Russell 3000® Index. The list including Lincoln was
posted to the FTSE Russell website following the close of the U.S.
markets on May 19, 2023. The annual reconstitution is effective as
of the U.S. market open on June 26, 2023.
Lincoln Tech is one of the nation’s leading technical schools
focusing on career skills training. The school has been providing
workforce solutions for employers, ranging from small independently
owned businesses to large international corporations, for over 75
years. “Lincoln continues to play a critical role in helping to
address the tremendous skills gap that our country is facing,” says
Scott Shaw, Lincoln Tech’s president and chief executive officer.
Shaw adds, “Our graduates move into jobs that have been deemed
essential and contribute to the economic growth of companies and
communities. We’re very proud to be included in this list.”
Membership in the Russell 3000® Index means automatic inclusion
in the large-cap Russell 1000® Index or small-cap Russell 2000®
Index as well as in the appropriate growth and value style indexes.
The Russell 3000® Index encompasses the 3,000 largest U.S.-traded
stocks by objective, market-capitalization rankings, and style
attributes. Membership in these indexes is updated annually and
remains in place for one year.
The Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell's U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
###
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally. FTSE Russell index
expertise and products are used extensively by institutional and
retail investors globally. Approximately $20.1 trillion is
currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment
banks have chosen FTSE Russell indexes to benchmark their
investment performance and create ETFs, structured products and
index-based derivatives. A core set of universal principles guides
FTSE Russell index design and management: a transparent rules-based
methodology is informed by independent committees of leading market
participants. FTSE Russell is focused on applying the highest
industry standards in index design and governance and embraces the
IOSCO Principles. FTSE Russell is also focused on index innovation
and customer partnerships as it seeks to enhance the breadth, depth
and reach of its offering. FTSE Russell is wholly owned by London
Stock Exchange Group. For more information on the Russell indexes
reconstitution, go to the “Russell Reconstitution” section on the
FTSE Russell website.
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading
provider of diversified career-oriented post-secondary education.
Lincoln offers recent high school graduates and working adults
career-oriented programs in five principal areas of study:
automotive technology, health sciences, skilled trades, business
and information technology, and hospitality services. Lincoln has
provided the workforce with skilled technicians since its inception
in 1946.
Lincoln currently operates 22 campuses in 14 states under four
brands: Lincoln Technical Institute, Lincoln College of
Technology and Euphoria Institute of Beauty Arts and
Sciences. Lincoln also operates Lincoln Culinary
Institutes in
both Maryland and Connecticut.
For more information, go to www.LincolnTech.edu
Peter Tahinos
Lincoln Educational Services
PTahinos@lincolntech.edu
Lincoln Educational Serv... (NASDAQ:LINC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lincoln Educational Serv... (NASDAQ:LINC)
Historical Stock Chart
From Jul 2023 to Jul 2024