Healthcare Services Group’s (HCSG) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Healthcare Services Group (NASDAQ:HCSG) in a research report released on Thursday morning,Benzinga reports. Benchmark currently has a $17.00 target price on the business services provider’s stock.

A number of other analysts have also commented on the company. Macquarie assumed coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective for the company. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Robert W. Baird dropped their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.80.

Healthcare Services Group Trading Down 1.2 %

Shares of HCSG stock opened at $11.30 on Thursday. Healthcare Services Group has a 1 year low of $8.98 and a 1 year high of $13.00. The firm’s 50 day moving average is $11.65 and its 200-day moving average is $11.07. The firm has a market capitalization of $828.19 million, a price-to-earnings ratio of 16.38 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to the consensus estimate of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. On average, equities research analysts forecast that Healthcare Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC bought a new position in Healthcare Services Group during the 3rd quarter worth approximately $9,166,000. Azarias Capital Management L.P. boosted its position in shares of Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Healthcare Services Group by 86.5% during the third quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock worth $9,015,000 after purchasing an additional 374,301 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Healthcare Services Group by 7.0% in the 3rd quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after buying an additional 290,621 shares during the period. Finally, Invenomic Capital Management LP bought a new stake in shares of Healthcare Services Group in the 3rd quarter valued at $3,217,000. 97.97% of the stock is owned by institutional investors.

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.