Healthcare Services Group (NASDAQ:HCSG) Coverage Initiated by Analysts at Macquarie

Macquarie began coverage on shares of Healthcare Services Group (NASDAQ:HCSG) in a report published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $13.00 target price on the business services provider’s stock.

Several other equities research analysts also recently commented on the company. StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird reduced their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus price target of $13.80.

Healthcare Services Group Stock Down 1.4 %

HCSG opened at $12.37 on Monday. Healthcare Services Group has a twelve month low of $8.98 and a twelve month high of $13.00. The company has a fifty day moving average of $11.53 and a 200-day moving average of $11.05. The stock has a market cap of $906.61 million, a PE ratio of 17.93 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Sell-side analysts anticipate that Healthcare Services Group will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Healthcare Services Group

Hedge funds have recently modified their holdings of the company. Royce & Associates LP raised its position in Healthcare Services Group by 7.0% in the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock worth $49,701,000 after acquiring an additional 290,621 shares during the period. State Street Corp raised its holdings in shares of Healthcare Services Group by 8.3% in the 3rd 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 during the period. Dimensional Fund Advisors LP lifted its stake in Healthcare Services Group by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock valued at $21,766,000 after purchasing an additional 181,231 shares during the last quarter. Geode Capital Management LLC grew its holdings in Healthcare Services Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock valued at $19,674,000 after purchasing an additional 50,375 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock valued at $13,983,000 after purchasing an additional 142,997 shares during the period. Institutional investors 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.