Healthcare Services Group (NASDAQ:HCSG) Reaches New 1-Year High - What's Next?

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.34 and last traded at $15.14, with a volume of 317507 shares traded. The stock had previously closed at $14.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Macquarie raised their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Wall Street Zen raised Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $12.00 to $15.00 in a research report on Thursday, April 24th. Finally, Robert W. Baird raised their price objective on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Healthcare Services Group Price Performance

The business has a 50-day moving average of $13.56 and a two-hundred day moving average of $11.95. The company has a market cap of $1.05 billion, a P/E ratio of 25.79 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.68% and a net margin of 2.38%. The business had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. During the same quarter last year, the company earned $0.22 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. purchased a new position in shares of Healthcare Services Group in the fourth quarter worth $822,000. Deutsche Bank AG raised its holdings in shares of Healthcare Services Group by 14.8% in the fourth quarter. Deutsche Bank AG now owns 176,825 shares of the business services provider's stock worth $2,055,000 after buying an additional 22,834 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Healthcare Services Group by 9.1% in the fourth quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider's stock worth $9,633,000 after buying an additional 68,935 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Healthcare Services Group by 852.4% in the first quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider's stock worth $2,019,000 after buying an additional 18,215 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Healthcare Services Group by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider's stock worth $1,832,000 after buying an additional 5,347 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Company Profile

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.