Healthcare Services Group (NASDAQ:HCSG) Cut to Hold at StockNews.com

StockNews.com lowered shares of Healthcare Services Group (NASDAQ:HCSG) from a buy rating to a hold rating in a report released on Wednesday.

A number of other research firms have also recently issued reports on HCSG. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Robert W. Baird lowered their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Finally, Macquarie started coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Healthcare Services Group has an average rating of “Hold” and an average target price of $14.00.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock opened at $10.56 on Wednesday. The firm has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $11.22. Healthcare Services Group has a fifty-two week low of $9.70 and a fifty-two week high of $13.00. The company has a market cap of $776.25 million, a PE ratio of 19.56 and a beta of 0.56.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. Analysts expect that Healthcare Services Group will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

A number of large investors have recently bought and sold shares of HCSG. GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. Tidal Investments LLC lifted its holdings in Healthcare Services Group by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 78,218 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 1,276 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Healthcare Services Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider’s stock valued at $486,000 after buying an additional 1,461 shares in the last quarter. Confluence Investment Management LLC boosted its position in Healthcare Services Group by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 168,841 shares of the business services provider’s stock valued at $1,961,000 after buying an additional 1,897 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of 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 worth $27,000 after buying an additional 2,097 shares in the last quarter. 97.97% of the stock is currently 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.