Healthcare Services Group (NASDAQ:HCSG) CAO Sells $54,157.50 in Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Andrew Brophy sold 2,490 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $21.75, for a total transaction of $54,157.50. Following the sale, the chief accounting officer directly owned 15,735 shares of the company’s stock, valued at $342,236.25. This represents a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Healthcare Services Group Price Performance

HCSG traded up $0.18 during trading on Thursday, reaching $21.76. 651,199 shares of the stock traded hands, compared to its average volume of 803,092. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 26.54 and a beta of 0.74. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $22.98. The stock’s 50-day simple moving average is $19.57 and its two-hundred day simple moving average is $17.87.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.21. The firm had revenue of $466.68 million during the quarter, compared to analyst estimates of $467.24 million. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HCSG. Weiss Ratings reiterated a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, February 12th. William Blair upgraded shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Friday, February 20th. BMO Capital Markets restated a “market perform” rating and set a $22.00 target price on shares of Healthcare Services Group in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $23.00 price target on Healthcare Services Group in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers increased its stake in shares of Healthcare Services Group by 4.3% during the 4th quarter. Cetera Investment Advisers now owns 14,052 shares of the business services provider’s stock worth $269,000 after purchasing an additional 581 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its position in shares of Healthcare Services Group by 2.6% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock worth $409,000 after purchasing an additional 609 shares in the last quarter. Amalgamated Bank raised its position in shares of Healthcare Services Group by 3.4% in the third quarter. Amalgamated Bank now owns 21,563 shares of the business services provider’s stock valued at $363,000 after buying an additional 719 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Healthcare Services Group by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 20,151 shares of the business services provider’s stock valued at $385,000 after buying an additional 738 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Healthcare Services Group by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 845 shares during the period. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.