Healthcare Services Group (NASDAQ:HCSG) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Healthcare Services Group (NASDAQ:HCSG) from a hold rating to a buy rating in a report released on Tuesday.

HCSG has been the subject of several other research reports. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Robert W. Baird dropped their price target on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Finally, Macquarie began coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.80.

Healthcare Services Group Stock Performance

Healthcare Services Group stock opened at $10.90 on Tuesday. The stock has a fifty day moving average of $11.64 and a two-hundred day moving average of $11.24. The company has a market capitalization of $798.86 million, a price-to-earnings ratio of 15.80 and a beta of 0.56. Healthcare Services Group has a fifty-two week low of $9.34 and a fifty-two week high of $13.00.

Institutional Investors Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthfront Advisers LLC purchased a new stake in shares of Healthcare Services Group in the fourth quarter valued at $166,278,000. Vanguard Group Inc. boosted its holdings in Healthcare Services Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider’s stock valued at $96,133,000 after acquiring an additional 23,373 shares during the last quarter. Royce & Associates LP boosted its holdings in Healthcare Services Group by 4.9% in the fourth quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after acquiring an additional 219,103 shares during the last quarter. State Street Corp boosted its holdings in Healthcare Services Group by 8.3% in the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after acquiring an additional 226,818 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Healthcare Services Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock valued at $19,674,000 after acquiring an additional 50,375 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

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.