Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Consensus Rating of “Hold” by Brokerages

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSGGet Free Report) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.80.

HCSG has been the subject of several recent analyst reports. Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price 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. Robert W. Baird reduced their target price 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. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday.

Check Out Our Latest Stock Report on Healthcare Services Group

Healthcare Services Group Trading Down 1.2 %

HCSG opened at $11.30 on Monday. The company’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $11.08. Healthcare Services Group has a 1-year low of $8.98 and a 1-year high of $13.00. The company has a market cap of $828.19 million, a price-to-earnings ratio of 16.38 and a beta of 0.55.

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

Hedge Funds Weigh In On Healthcare Services Group

Several institutional investors have recently added to or reduced their stakes in HCSG. SG Americas Securities LLC bought a new position in Healthcare Services Group during the second quarter valued at about $188,000. Raymond James & Associates grew its position in Healthcare Services Group by 9.2% during the second quarter. Raymond James & Associates now owns 383,864 shares of the business services provider’s stock valued at $4,061,000 after buying an additional 32,411 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Healthcare Services Group during the second quarter valued at about $124,000. Azarias Capital Management L.P. grew its position in 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 valued at $12,979,000 after buying an additional 412,704 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Healthcare Services Group by 131.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 14,718 shares of the business services provider’s stock valued at $156,000 after buying an additional 8,359 shares during the period. Institutional investors own 97.97% of the company’s stock.

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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