Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives Average Recommendation of “Hold” from Analysts

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been given an average recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.80.

Several research firms have recently weighed in on HCSG. StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Macquarie assumed coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Robert W. Baird reduced their price target on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th.

Healthcare Services Group Stock Up 1.0 %

Shares of HCSG opened at $11.68 on Friday. The business has a fifty day moving average of $11.91 and a 200 day moving average of $11.22. The company has a market cap of $856.04 million, a PE ratio of 16.93 and a beta of 0.56. Healthcare Services Group has a 52-week low of $8.98 and a 52-week high of $13.00.

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

Institutional Trading of Healthcare Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in shares of Healthcare Services Group by 4.2% during the second quarter. Rhumbline Advisers now owns 240,592 shares of the business services provider’s stock worth $2,545,000 after purchasing an additional 9,590 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Healthcare Services Group by 44.4% during the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock valued at $33,000 after buying an additional 955 shares during the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Healthcare Services Group by 1.2% in the 2nd quarter. ClariVest Asset Management LLC now owns 152,278 shares of the business services provider’s stock valued at $1,611,000 after buying an additional 1,740 shares during the period. American Century Companies Inc. boosted its stake in shares of Healthcare Services Group by 13.4% in the second quarter. American Century Companies Inc. now owns 121,252 shares of the business services provider’s stock worth $1,283,000 after buying an additional 14,303 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in Healthcare Services Group during the second quarter worth about $220,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Company Profile

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.