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

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.80.

Several equities research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday. Macquarie started coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, December 14th.

Hedge Funds Weigh In On Healthcare Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Healthcare Services Group by 804.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after acquiring an additional 2,428 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Healthcare Services Group by 44.4% during the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock worth $33,000 after buying an additional 955 shares during the period. Financial Management Professionals Inc. grew its position in shares of Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after buying an additional 3,774 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Healthcare Services Group by 1,017.5% in the third quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider’s stock valued at $1,150,000 after buying an additional 9,371 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Healthcare Services Group during the third quarter worth about $116,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Performance

Healthcare Services Group stock opened at $11.30 on Monday. Healthcare Services Group has a 1 year low of $8.98 and a 1 year high of $13.00. The firm has a market cap of $828.19 million, a price-to-earnings ratio of 16.38 and a beta of 0.55. The firm’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $11.07.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Healthcare Services Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, equities analysts predict that Healthcare Services Group will post 0.81 EPS for the current fiscal year.

About Healthcare Services Group

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.