Healthcare Services Group (NASDAQ:HCSG) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Healthcare Services Group (NASDAQ:HCSG) from a hold rating to a buy rating in a report released on Tuesday.

Other equities analysts have also recently issued reports about the company. Benchmark reaffirmed a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Macquarie assumed coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Robert W. Baird decreased their price target on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.80.

Healthcare Services Group Trading Up 1.0 %

Shares of NASDAQ HCSG opened at $11.68 on Tuesday. The stock has a market cap of $856.04 million, a price-to-earnings ratio of 16.93 and a beta of 0.56. Healthcare Services Group has a 1-year low of $8.98 and a 1-year high of $13.00. The stock’s 50-day moving average is $11.91 and its 200 day moving average is $11.22.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. Healthcare Services Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. On average, analysts forecast that Healthcare Services Group will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after buying an additional 1,073 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Healthcare Services Group by 804.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after buying an additional 2,428 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock worth $33,000 after buying an additional 955 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock worth $91,000 after buying an additional 3,774 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of Healthcare Services Group in the 3rd quarter worth approximately $116,000. 97.97% of the stock is currently owned by institutional investors.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.