Healthcare Services Group (NASDAQ:HCSG) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.04 and traded as high as $14.94. Healthcare Services Group shares last traded at $14.93, with a volume of 1,638,379 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on HCSG. Macquarie boosted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Robert W. Baird increased their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. UBS Group upgraded shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $12.00 to $15.00 in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.80.

Healthcare Services Group Stock Up 3.3%

The company has a market capitalization of $1.13 billion, a PE ratio of 27.73 and a beta of 0.57. The business has a 50 day simple moving average of $14.39 and a 200 day simple moving average of $12.07.

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

Institutional Investors Weigh In On Healthcare Services Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthfront Advisers LLC purchased a new position in Healthcare Services Group in the 4th quarter worth $166,278,000. Nuveen LLC acquired a new stake in Healthcare Services Group during the 1st quarter valued at approximately $11,745,000. Hotchkis & Wiley Capital Management LLC lifted its position in Healthcare Services Group by 90.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider's stock valued at $11,998,000 after purchasing an additional 565,520 shares during the period. Raymond James Financial Inc. acquired a new stake in Healthcare Services Group during the 4th quarter worth about $5,909,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Healthcare Services Group in the first quarter worth about $4,601,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

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.