Healthcare Services Group (NASDAQ:HCSG) Price Target Raised to $14.00

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

Healthcare Services Group Stock Performance

NASDAQ:HCSG opened at $11.35 on Thursday. The stock has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $11.14. Healthcare Services Group has a 52-week low of $8.75 and a 52-week high of $13.01. The company has a market cap of $835.93 million, a PE ratio of 19.91 and a beta of 0.53.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The firm had revenue of $426.30 million during the quarter, compared to analysts’ expectations of $424.94 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Healthcare Services Group will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Services Group

A number of hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Healthcare Services Group during the 1st quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new stake in Healthcare Services Group during the 1st quarter worth $55,000. PNC Financial Services Group Inc. grew its position in Healthcare Services Group by 38.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,714 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Healthcare Services Group during the 2nd quarter worth about $124,000. Finally, Victory Capital Management Inc. lifted its holdings in Healthcare Services Group by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock worth $151,000 after buying an additional 1,795 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

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.