Healthcare Services Group, Inc. (HCSG) – What Are Analysts Saying About This Stock?

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.67.

Several brokerages have recently issued reports on HCSG. Weiss Ratings upgraded Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 25th. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Robert W. Baird dropped their target price on Healthcare Services Group from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Oppenheimer assumed coverage on shares of Healthcare Services Group in a report on Wednesday, August 19th. They issued an “outperform” rating and a $28.00 price target on the stock.

Insider Buying and Selling

In other Healthcare Services Group news, COO Andrew Kush sold 15,598 shares of Healthcare Services Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $23.24, for a total transaction of $362,497.52. Following the completion of the sale, the chief operating officer directly owned 22,741 shares in the company, valued at approximately $528,500.84. The trade was a 40.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HCSG. SummerHaven Investment Management LLC acquired a new stake in Healthcare Services Group during the third quarter worth about $1,484,000. Kintegral Advisory LLC purchased a new position in Healthcare Services Group during the third quarter valued at approximately $128,000. Triasima Portfolio Management inc. purchased a new position in Healthcare Services Group during the third quarter valued at approximately $1,260,000. WINTON GROUP Ltd lifted its holdings in Healthcare Services Group by 6.2% in the second quarter. WINTON GROUP Ltd now owns 66,948 shares of the business services provider’s stock valued at $1,644,000 after acquiring an additional 3,904 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Healthcare Services Group in the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

Shares of HCSG stock opened at $21.13 on Wednesday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.28 and a beta of 0.81. The business has a fifty day moving average of $21.58 and a 200 day moving average of $21.79. Healthcare Services Group has a 1 year low of $16.08 and a 1 year high of $25.75.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $470.81 million during the quarter, compared to analysts’ expectations of $471.22 million. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%. During the same quarter in the previous year, the firm posted ($0.44) EPS. As a group, equities research analysts expect that Healthcare Services Group will post 1.14 earnings per share for the current year.

About Healthcare Services Group

Healthcare Services Group, Inc (NASDAQ:HCSG) provides outsourced support services to healthcare and senior-living facilities in the United States. Its primary customers include skilled nursing facilities, nursing homes, continuing care retirement communities and other healthcare-related organizations.

The company’s services are organized primarily around housekeeping and dining operations. Housekeeping services include cleaning, laundry and related environmental services, while dining services may include food procurement, meal preparation, dietary management and other support for resident and patient meal programs.