Healthcare Services Group (HCSG) Lifted to Hold at BidaskClub

Healthcare Services Group (NASDAQ:HCSG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Healthcare Services Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Benchmark began coverage on Healthcare Services Group in a research note on Tuesday, June 12th. They set a “buy” rating and a $50.00 price target on the stock. Stifel Nicolaus downgraded Healthcare Services Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $57.00 to $44.00 in a research note on Wednesday, April 18th. William Blair upgraded Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 6th. Finally, ValuEngine upgraded Healthcare Services Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.33.

Healthcare Services Group opened at $43.02 on Thursday, Marketbeat Ratings reports. The company has a market cap of $3.12 billion, a P/E ratio of 36.15, a PEG ratio of 2.49 and a beta of 0.81. Healthcare Services Group has a 52-week low of $35.04 and a 52-week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, April 17th. The business services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.38). The firm had revenue of $501.81 million for the quarter, compared to analysts’ expectations of $505.44 million. Healthcare Services Group had a return on equity of 16.99% and a net margin of 3.38%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. analysts expect that Healthcare Services Group will post 1.54 earnings per share for the current fiscal year.

In other Healthcare Services Group news, Director Robert J. Moss sold 3,001 shares of Healthcare Services Group stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $41.61, for a total value of $124,871.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in HCSG. BlackRock Inc. lifted its holdings in shares of Healthcare Services Group by 2.1% in the 4th quarter. BlackRock Inc. now owns 9,143,357 shares of the business services provider’s stock valued at $482,037,000 after buying an additional 191,837 shares during the period. Northern Trust Corp lifted its holdings in shares of Healthcare Services Group by 20.2% in the 1st quarter. Northern Trust Corp now owns 1,311,513 shares of the business services provider’s stock valued at $57,024,000 after buying an additional 220,250 shares during the period. UBS Group AG lifted its holdings in shares of Healthcare Services Group by 25.1% in the 1st quarter. UBS Group AG now owns 1,162,065 shares of the business services provider’s stock valued at $50,527,000 after buying an additional 233,246 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Services Group by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,015,974 shares of the business services provider’s stock valued at $44,174,000 after buying an additional 10,593 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in shares of Healthcare Services Group by 30.4% in the 1st quarter. GW&K Investment Management LLC now owns 888,110 shares of the business services provider’s stock valued at $38,615,000 after buying an additional 207,188 shares during the period. Institutional investors own 97.92% 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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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