Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.30 and last traded at $14.21, with a volume of 933673 shares. The stock had previously closed at $14.03.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Macquarie increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday. Robert W. Baird boosted 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 upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their target price for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.
View Our Latest Stock Report on Healthcare Services Group
Healthcare Services Group Stock Up 2.2 %
The company's 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $11.23. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 26.89 and a beta of 0.62.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The firm had revenue of $447.66 million during the quarter, compared to analyst estimates of $443.82 million. During the same period last year, the firm posted $0.22 EPS. Healthcare Services Group's revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HCSG. GAMMA Investing LLC raised its position in Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after buying an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Healthcare Services Group during the fourth quarter worth $25,000. Sterling Capital Management LLC lifted its position in Healthcare Services Group by 803.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after purchasing an additional 2,097 shares during the period. Ieq Capital LLC purchased a new position in shares of Healthcare Services Group during the 4th quarter valued at about $118,000. Finally, Bank of Montreal Can acquired a new position in shares of Healthcare Services Group in the 4th quarter valued at about $118,000. 97.97% of the stock is owned by institutional investors and hedge funds.
About Healthcare Services Group
(
Get Free Report)
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.
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