Wall Street Zen downgraded shares of Healthcare Services Group (NASDAQ:HCSG – Free Report) from a buy rating to a hold rating in a research note published on Saturday.
HCSG has been the topic of a number of other research reports. UBS Group upped their price objective on Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada raised their target price on Healthcare Services Group from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, Benchmark upped their price target on shares of Healthcare Services Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.20.
Check Out Our Latest Stock Analysis on Healthcare Services Group
Healthcare Services Group Trading Up 1.0%
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $470.81 million during the quarter, compared to the consensus estimate of $471.22 million. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%.During the same period in the prior year, the business posted ($0.44) EPS. Equities analysts forecast that Healthcare Services Group will post 1.01 earnings per share for the current fiscal year.
Institutional Trading of Healthcare Services Group
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Healthcare Services Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,400,681 shares of the business services provider’s stock valued at $44,534,000 after buying an additional 62,689 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Healthcare Services Group by 80.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,981,840 shares of the business services provider’s stock worth $33,354,000 after buying an additional 882,213 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Healthcare Services Group by 12.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,475,369 shares of the business services provider’s stock worth $28,209,000 after buying an additional 158,261 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Healthcare Services Group by 454.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,405,952 shares of the business services provider’s stock worth $26,080,000 after buying an additional 1,152,176 shares in the last quarter. Finally, Nuveen LLC grew its stake in Healthcare Services Group by 29.2% in the 4th quarter. Nuveen LLC now owns 1,282,492 shares of the business services provider’s stock valued at $24,521,000 after acquiring an additional 290,019 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.
About Healthcare Services Group
Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.
Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.
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