Healthcare Services Group’s (HCSG) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Healthcare Services Group (NASDAQ:HCSG) in a report released on Thursday,Benzinga reports. They currently have a $17.00 price objective on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Macquarie started coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective for the company. Robert W. Baird lowered their price target 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. Finally, StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Healthcare Services Group has a consensus rating of “Hold” and an average target price of $13.80.

Healthcare Services Group Stock Down 1.2 %

HCSG opened at $11.30 on Thursday. The stock’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $11.07. The firm has a market capitalization of $828.19 million, a P/E ratio of 16.38 and a beta of 0.55. Healthcare Services Group has a 12-month low of $8.98 and a 12-month high of $13.00.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Healthcare Services Group by 804.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after buying an additional 2,428 shares in the last quarter. Headlands Technologies LLC raised its stake in Healthcare Services Group by 44.4% during the second quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock worth $33,000 after acquiring an additional 955 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Healthcare Services Group by 85.7% during the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 3,774 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Healthcare Services Group in the 3rd quarter valued at $116,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth about $124,000. 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.