Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Average Rating of “Hold” by Brokerages

Healthcare Services Group, Inc. (NASDAQ:HCSG) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.80.

HCSG has been the subject of several research reports. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. Macquarie began coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th.

Institutional Trading of Healthcare Services Group

A number of institutional investors have recently bought and sold shares of HCSG. GAMMA Investing LLC increased its holdings 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 last quarter. SBI Securities Co. Ltd. purchased a new position in Healthcare Services Group in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its stake in 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 valued at $30,000 after purchasing an additional 2,428 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Healthcare Services Group by 85.7% during the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock worth $91,000 after purchasing an additional 3,774 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Healthcare Services Group during the 3rd quarter worth approximately $116,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Performance

Shares of HCSG stock opened at $10.70 on Tuesday. Healthcare Services Group has a fifty-two week low of $9.34 and a fifty-two week high of $13.00. The company has a 50 day moving average price of $11.68 and a 200 day moving average price of $11.25. The stock has a market capitalization of $784.20 million, a P/E ratio of 15.51 and a beta of 0.56.

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 of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.