Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives Average Recommendation of “Hold” from Brokerages
by Teresa Graham · The Cerbat GemHealthcare Services Group, Inc. (NASDAQ:HCSG – Get Free Report) has earned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.
HCSG has been the subject of a number of analyst reports. William Blair raised shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Wall Street Zen upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Royal Bank Of Canada assumed coverage on Healthcare Services Group in a research note on Tuesday, March 3rd. They set a “sector perform” rating and a $22.00 price objective for the company. Finally, UBS Group set a $25.00 target price on Healthcare Services Group and gave the stock a “buy” rating in a report on Thursday, February 12th.
View Our Latest Stock Report on HCSG
Healthcare Services Group Price Performance
Shares of Healthcare Services Group stock opened at $18.35 on Friday. The company has a 50-day moving average of $19.93 and a 200 day moving average of $18.65. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 22.38 and a beta of 0.80. Healthcare Services Group has a 1 year low of $9.13 and a 1 year high of $22.98.
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.21. Healthcare Services Group had a net margin of 3.21% and a return on equity of 16.04%. The company had revenue of $466.68 million during the quarter, compared to analysts’ expectations of $467.24 million. During the same period last year, the company posted $0.16 EPS. Healthcare Services Group’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Healthcare Services Group will post 0.74 EPS for the current year.
Insider Transactions at Healthcare Services Group
In other news, CAO Andrew M. Brophy sold 2,490 shares of Healthcare Services Group stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $21.75, for a total value of $54,157.50. Following the completion of the transaction, the chief accounting officer owned 15,735 shares of the company’s stock, valued at $342,236.25. The trade was a 13.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick J. Orr sold 45,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.54, for a total transaction of $934,570.00. Following the completion of the transaction, the executive vice president owned 44,615 shares in the company, valued at approximately $916,392.10. The trade was a 50.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,962 shares of company stock valued at $3,014,100 in the last quarter. 2.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in shares of Healthcare Services Group by 4.3% during the fourth quarter. Cetera Investment Advisers now owns 14,052 shares of the business services provider’s stock valued at $269,000 after buying an additional 581 shares during the last quarter. Trail Ridge Investment Advisors LLC raised its holdings in Healthcare Services Group by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock worth $409,000 after acquiring an additional 609 shares during the last quarter. Amalgamated Bank lifted its position in Healthcare Services Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 21,563 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 719 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Healthcare Services Group by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 20,151 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 738 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Healthcare Services Group by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 845 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.
About Healthcare Services Group
Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.
Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.