Healthcare Services Group (NASDAQ:HCSG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Healthcare Services Group, Inc. (NASDAQ:HCSGGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $11.42. Healthcare Services Group shares last traded at $11.36, with a volume of 448,063 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HCSG. StockNews.com lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, December 19th. Macquarie assumed coverage on Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.80.

Read Our Latest Research Report on HCSG

Healthcare Services Group Trading Up 0.4 %

The firm has a market capitalization of $832.57 million, a PE ratio of 16.46 and a beta of 0.56. The company has a fifty day moving average price of $11.86 and a two-hundred day moving average price of $11.28.

Institutional Investors Weigh In On Healthcare Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,073 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 2,428 shares during the period. Financial Management Professionals Inc. grew its position in Healthcare Services Group by 85.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock worth $91,000 after purchasing an additional 3,774 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Healthcare Services Group during the 3rd quarter worth $116,000. Finally, Intech Investment Management LLC acquired a new position in Healthcare Services Group in the third quarter valued at $156,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Company Profile

(Get Free Report)

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.

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