Healthcare Services Group (NASDAQ:HCSG) Reaches New 1-Year Low – Should You Sell?

Healthcare Services Group, Inc. (NASDAQ:HCSG)’s stock price hit a new 52-week low on Monday . The company traded as low as $9.64 and last traded at $9.75, with a volume of 25491 shares traded. The stock had previously closed at $10.07.

Analyst Ratings Changes

HCSG has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. StockNews.com cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Price Performance

The company’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $11.18. The firm has a market capitalization of $723.27 million, a PE ratio of 18.24 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PharVision Advisers LLC purchased a new stake in Healthcare Services Group in the fourth quarter valued at approximately $147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Healthcare Services Group by 3.5% during 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 purchasing an additional 5,347 shares during the last quarter. Sovereign s Capital Management LLC acquired a new position in Healthcare Services Group during the fourth quarter valued at $939,000. Squarepoint Ops LLC lifted its position in Healthcare Services Group by 121.6% during the fourth quarter. Squarepoint Ops LLC now owns 30,023 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 16,476 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Healthcare Services Group by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 22,173 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 6,824 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

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.