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

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.00.

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, February 12th. UBS Group set a $25.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a report on Thursday, February 12th. BMO Capital Markets reissued a “market perform” rating and issued a $22.00 price objective on shares of Healthcare Services Group in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $23.00 target price on shares of Healthcare Services Group in a research note on Thursday, February 12th.

Insider Activity at Healthcare Services Group

In other Healthcare Services Group news, EVP John Christopher Shea sold 54,357 shares of Healthcare Services Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $20.41, for a total transaction of $1,109,426.37. Following the completion of the sale, the executive vice president directly owned 29,292 shares of the company’s stock, valued at $597,849.72. The trade was a 64.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick J. Orr sold 44,615 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $20.53, for a total value of $915,945.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 146,962 shares of company stock worth $3,014,100. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Healthcare Services Group

Several institutional investors have recently made changes to their positions in HCSG. Miller Global Investments LLC bought a new stake in shares of Healthcare Services Group in the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its holdings in Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after acquiring an additional 1,356 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Healthcare Services Group during the 4th quarter valued at about $33,000. GAMMA Investing LLC increased its position in Healthcare Services Group by 94.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,384 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Healthcare Services Group by 32.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 877 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $18.49 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 22.55 and a beta of 0.73. The business has a 50 day simple moving average of $19.99 and a two-hundred day simple moving average of $18.57. Healthcare Services Group has a 1 year low of $9.13 and a 1 year high of $22.98.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.21. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The firm had revenue of $466.68 million for the quarter, compared to the consensus estimate of $467.24 million. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts expect that Healthcare Services Group will post 0.74 EPS for the current fiscal year.

Healthcare Services Group Company Profile

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.