Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.50.
A number of research firms have issued reports on HCSG. Wall Street Zen downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group increased their target price on shares of Healthcare Services Group from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Oppenheimer started coverage on shares of Healthcare Services Group in a report on Wednesday, August 19th. They set an "outperform" rating and a $28.00 price target on the stock. Zacks Research raised shares of Healthcare Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Finally, 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.
Check Out Our Latest Research Report on HCSG
Insiders Place Their Bets
In other Healthcare Services Group news, COO Andrew Kush sold 15,598 shares of Healthcare Services Group stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $23.24, for a total value of $362,497.52. Following the sale, the chief operating officer owned 22,741 shares of the company's stock, valued at approximately $528,500.84. The trade was a 40.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Healthcare Services Group by 163.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock worth $33,000 after purchasing an additional 1,356 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Healthcare Services Group in the fourth quarter valued at approximately $33,000. KBC Group NV bought a new position in Healthcare Services Group in the 1st quarter valued at $35,000. Finally, Allworth Financial LP bought a new stake in Healthcare Services Group during the second quarter valued at $55,000. 97.97% of the stock is owned by institutional investors.
Healthcare Services Group Price Performance
HCSG stock opened at $22.80 on Tuesday. The company's 50-day moving average is $23.31 and its 200-day moving average is $21.46. The stock has a market capitalization of $1.56 billion, a PE ratio of 13.26 and a beta of 0.81. Healthcare Services Group has a 1 year low of $15.13 and a 1 year high of $25.75.
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. 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 for the quarter, compared to analysts' expectations of $471.22 million. During the same period last year, the business earned ($0.44) EPS. On average, analysts anticipate that Healthcare Services Group will post 1.14 earnings per share for the current fiscal year.
Healthcare Services Group Company Profile
(
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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