Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) have been given an average rating of "Moderate Buy" by the five research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.80.
HCSG has been the subject of a number of research analyst reports. Macquarie boosted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Robert W. Baird upped their price objective on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Thursday, April 24th.
View Our Latest Stock Report on HCSG
Institutional Investors Weigh In On Healthcare Services Group
A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in shares of Healthcare Services Group by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider's stock valued at $539,000 after acquiring an additional 868 shares during the period. Trail Ridge Investment Advisors LLC increased its position in shares of Healthcare Services Group by 4.7% in the first quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock worth $234,000 after purchasing an additional 1,048 shares during the period. SummerHaven Investment Management LLC raised its stake in Healthcare Services Group by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock valued at $744,000 after purchasing an additional 1,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Healthcare Services Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock worth $486,000 after purchasing an additional 1,461 shares during the period. Finally, North Star Investment Management Corp. grew its stake in Healthcare Services Group by 1.8% during the first quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock worth $1,038,000 after buying an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.
Healthcare Services Group Stock Performance
HCSG traded down $0.17 during trading hours on Friday, reaching $14.65. The company's stock had a trading volume of 693,574 shares, compared to its average volume of 506,840. The company's 50-day moving average is $13.08 and its 200-day moving average is $11.88. Healthcare Services Group has a 52 week low of $9.13 and a 52 week high of $14.90. The firm has a market cap of $1.07 billion, a PE ratio of 27.13 and a beta of 0.55.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The company's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Equities analysts anticipate that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.
About Healthcare Services Group
(
Get Free ReportHealthcare 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.
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