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

Healthcare Services Group (NASDAQ:HCSG) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other research analysts also recently issued research reports about the stock. Macquarie began coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price for the company. Robert W. Baird decreased their target price on shares of 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, Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.80.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $10.71 on Tuesday. Healthcare Services Group has a 12 month low of $9.34 and a 12 month high of $13.00. The stock has a market cap of $784.95 million, a price-to-earnings ratio of 15.52 and a beta of 0.56. The stock’s 50 day moving average price is $11.60 and its 200 day moving average price is $11.24.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. On average, sell-side analysts expect that Healthcare Services Group will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HCSG. GAMMA Investing LLC grew its position in shares of Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 1,073 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Healthcare Services Group in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC grew its position in shares of Healthcare Services Group by 804.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 2,428 shares during the period. Financial Management Professionals Inc. grew its position in shares of Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 3,774 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in shares of Healthcare Services Group in the 3rd quarter valued at about $116,000. Institutional investors own 97.97% of the company’s stock.

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.