Healthcare Services Group, Inc. (HCSG) – What Are Brokerages Saying About This Stock?

Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.67.

HCSG has been the topic of several recent analyst reports. Weiss Ratings upgraded Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 25th. Robert W. Baird lowered their target price on Healthcare Services Group from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. UBS Group increased their target price on Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Get Our Latest Stock Report on Healthcare Services Group

Insider Buying and Selling at Healthcare Services Group

In other news, COO Andrew Kush sold 15,598 shares of the stock in a transaction 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 completion of the sale, the chief operating officer owned 22,741 shares of the company’s stock, valued at $528,500.84. This represents a 40.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Healthcare Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd lifted its position in Healthcare Services Group by 6.2% in the 2nd quarter. WINTON GROUP Ltd now owns 66,948 shares of the business services provider’s stock valued at $1,644,000 after acquiring an additional 3,904 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Healthcare Services Group during the 2nd quarter worth about $160,000. Nykredit A S bought a new position in Healthcare Services Group during the 2nd quarter worth about $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Healthcare Services Group during the 2nd quarter worth about $533,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Healthcare Services Group in the 2nd quarter valued at about $66,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Trading Up 1.3%

HCSG stock opened at $20.89 on Wednesday. The business’s 50-day moving average price is $21.65 and its two-hundred day moving average price is $21.74. The firm has a market cap of $1.43 billion, a PE ratio of 12.15 and a beta of 0.81. Healthcare Services Group has a 1-year low of $15.49 and a 1-year high of $25.75.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $470.81 million during the quarter, compared to the consensus estimate of $471.22 million. During the same period in the prior year, the company earned ($0.44) earnings per share. On average, analysts forecast that Healthcare Services Group will post 1.14 earnings per share for the current year.

Healthcare Services Group Company Profile

(Get Free Report)

Healthcare Services Group, Inc (NASDAQ:HCSG) provides outsourced support services to healthcare and senior-living facilities in the United States. Its primary customers include skilled nursing facilities, nursing homes, continuing care retirement communities and other healthcare-related organizations.

The company’s services are organized primarily around housekeeping and dining operations. Housekeeping services include cleaning, laundry and related environmental services, while dining services may include food procurement, meal preparation, dietary management and other support for resident and patient meal programs.

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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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