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

Benchmark reiterated their buy rating on shares of Healthcare Services Group (NASDAQ:HCSGFree Report) in a research report released on Thursday, Benzinga reports. The firm currently has a $17.00 target price on the business services provider’s stock.

A number of other analysts have also recently weighed in on HCSG. Royal Bank of Canada dropped their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Robert W. Baird dropped their price objective on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Read Our Latest Analysis on HCSG

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock traded up $0.26 during trading hours on Thursday, reaching $10.96. The company’s stock had a trading volume of 174,943 shares, compared to its average volume of 500,938. The company’s 50 day simple moving average is $10.72 and its 200 day simple moving average is $10.89. Healthcare Services Group has a one year low of $8.94 and a one year high of $13.00. The stock has a market cap of $807.16 million, a P/E ratio of 18.77 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSGGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The company had revenue of $428.10 million for the quarter, compared to the consensus estimate of $429.95 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts predict that Healthcare Services Group will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Healthcare Services Group by 2,692.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock valued at $13,178,000 after buying an additional 944,658 shares during the period. Janus Henderson Group PLC increased its stake in Healthcare Services Group by 2,698.7% during the 1st quarter. Janus Henderson Group PLC now owns 919,069 shares of the business services provider’s stock valued at $11,470,000 after buying an additional 886,230 shares during the period. Azarias Capital Management L.P. increased its stake in Healthcare Services Group by 50.7% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after buying an additional 412,704 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Healthcare Services Group in the 1st quarter worth approximately $3,765,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Healthcare Services Group by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after purchasing an additional 181,231 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

About Healthcare Services Group

(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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