Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.80.

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

Institutional Trading of Healthcare Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Healthcare Services Group by 804.0% during 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 in the last quarter. Headlands Technologies LLC lifted its position 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 worth $33,000 after buying an additional 955 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Healthcare Services Group by 85.7% in the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after buying an additional 3,774 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Healthcare Services Group by 1,017.5% in the third quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 9,371 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 1.5 %

Shares of NASDAQ HCSG opened at $11.92 on Friday. The firm has a market cap of $873.62 million, a P/E ratio of 17.28 and a beta of 0.56. The business’s 50 day moving average is $11.91 and its 200-day moving average is $11.23. Healthcare Services Group has a 1-year low of $8.98 and a 1-year high of $13.00.

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

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.