Healthcare Services Group (NASDAQ:HCSG) Now Covered by Analysts at Macquarie

Macquarie assumed coverage on shares of Healthcare Services Group (NASDAQ:HCSG) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on HCSG. Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, October 24th. StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird cut 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 research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Trading Down 2.7 %

HCSG opened at $12.54 on Monday. The business’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $11.04. The company has a market capitalization of $919.07 million, a price-to-earnings ratio of 18.17 and a beta of 0.55. Healthcare Services Group has a 12-month low of $8.98 and a 12-month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The business had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that Healthcare Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after buying an additional 2,428 shares during the last quarter. Headlands Technologies LLC raised its stake in Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock worth $33,000 after acquiring an additional 955 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Healthcare Services Group by 85.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock worth $91,000 after acquiring an additional 3,774 shares during the period. Bleakley Financial Group LLC purchased a new stake in Healthcare Services Group during the 3rd quarter valued at about $116,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Healthcare Services Group in the second quarter valued at about $124,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

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.