Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Andrew M. Brophy Sells 1,744 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Andrew M. Brophy sold 1,744 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $10.45, for a total transaction of $18,224.80. Following the completion of the sale, the chief accounting officer now directly owns 12,424 shares of the company’s stock, valued at approximately $129,830.80. The trade was a 12.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Healthcare Services Group Price Performance

NASDAQ HCSG opened at $10.48 on Thursday. The firm’s 50-day moving average is $11.26 and its two-hundred day moving average is $11.23. Healthcare Services Group, Inc. has a 12 month low of $9.70 and a 12 month high of $13.00. The stock has a market capitalization of $770.15 million, a P/E ratio of 19.41 and a beta of 0.56.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Macquarie started coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new stake in shares of Healthcare Services Group during the fourth quarter worth about $166,278,000. Vanguard Group Inc. lifted its position in shares of Healthcare Services Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider’s stock worth $96,133,000 after purchasing an additional 23,373 shares in the last quarter. Royce & Associates LP lifted its position in shares of Healthcare Services Group by 4.9% during the fourth quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock worth $54,226,000 after purchasing an additional 219,103 shares in the last quarter. State Street Corp lifted its position in shares of Healthcare Services Group by 8.3% during the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock worth $33,112,000 after purchasing an additional 226,818 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Healthcare Services Group by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider’s stock worth $29,313,000 after purchasing an additional 208,810 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

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.