Healthcare Services Group (NASDAQ:HCSG) COO Andrew Kush Sells 15,598 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSGGet Free Report) COO Andrew Kush sold 15,598 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $23.24, for a total transaction of $362,497.52. Following the sale, the chief operating officer directly owned 22,741 shares of the company’s stock, valued at $528,500.84. This trade represents a 40.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Healthcare Services Group Trading Down 1.3%

HCSG stock opened at $22.84 on Thursday. The stock has a market capitalization of $1.57 billion, a PE ratio of 13.28 and a beta of 0.81. Healthcare Services Group, Inc. has a 12-month low of $13.69 and a 12-month high of $25.75. The stock’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $21.18.

Healthcare Services Group (NASDAQ:HCSGGet Free Report) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%.The business had revenue of $470.81 million during the quarter, compared to analyst estimates of $471.22 million. During the same quarter last year, the company earned ($0.44) EPS. On average, research analysts predict that Healthcare Services Group, Inc. will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Services Group

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in shares of Healthcare Services Group by 5.5% during the 1st quarter. Janus Henderson Group PLC now owns 890,035 shares of the business services provider’s stock valued at $16,510,000 after buying an additional 46,427 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Healthcare Services Group by 35.1% during the 1st quarter. California State Teachers Retirement System now owns 91,270 shares of the business services provider’s stock valued at $1,693,000 after purchasing an additional 23,700 shares during the period. Royal Bank of Canada lifted its position in shares of Healthcare Services Group by 33.1% in the first quarter. Royal Bank of Canada now owns 393,601 shares of the business services provider’s stock valued at $7,301,000 after acquiring an additional 97,833 shares in the last quarter. Empowered Funds LLC lifted its holdings in Healthcare Services Group by 123.6% in the 1st quarter. Empowered Funds LLC now owns 215,824 shares of the business services provider’s stock worth $4,004,000 after purchasing an additional 119,290 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Healthcare Services Group by 40.8% during the first quarter. The Manufacturers Life Insurance Company now owns 29,711 shares of the business services provider’s stock worth $551,000 after acquiring an additional 8,604 shares during the last quarter. 97.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HCSG. UBS Group upped their target price on shares of Healthcare Services Group from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada increased their price target 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. Wall Street Zen lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BMO Capital Markets upped their price objective on Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.20.

View Our Latest Research Report on HCSG

About Healthcare Services Group

(Get Free Report)

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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