Robert W. Baird Raises Healthcare Services Group (NASDAQ:HCSG) Price Target to $14.00

Healthcare Services Group (NASDAQ:HCSG) had its price objective raised by Robert W. Baird from $13.00 to $14.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Healthcare Services Group Stock Up 5.2 %

Shares of NASDAQ HCSG opened at $11.35 on Thursday. The firm has a market capitalization of $835.93 million, a P/E ratio of 19.91 and a beta of 0.53. The stock’s 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $11.14. Healthcare Services Group has a twelve month low of $8.75 and a twelve month high of $13.01.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $426.30 million for the quarter, compared to analyst estimates of $424.94 million. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. As a group, research analysts anticipate that Healthcare Services Group will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Healthcare Services Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after purchasing an additional 167,779 shares during the period. Mackenzie Financial Corp increased its holdings in Healthcare Services Group by 0.3% in the 4th quarter. Mackenzie Financial Corp now owns 4,120,921 shares of the business services provider’s stock worth $42,734,000 after buying an additional 12,050 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Healthcare Services Group by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock worth $16,592,000 after purchasing an additional 111,625 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Healthcare Services Group by 91.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,561,283 shares of the business services provider’s stock worth $16,191,000 after purchasing an additional 744,527 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in Healthcare Services Group by 1.6% in the first quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock worth $16,379,000 after purchasing an additional 20,392 shares during the last quarter. Hedge funds and other 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.