Healthcare Services Group, Inc. (HCSG) Earns “Buy” Rating from Stifel Nicolaus

Healthcare Services Group, Inc. (NASDAQ:HCSG)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research note issued to investors on Thursday.

A number of other equities analysts have also commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a report on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a report on Thursday, July 13th. BidaskClub lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird boosted their price objective on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, July 14th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $53.60.

Shares of Healthcare Services Group (HCSG) traded down 1.64% during mid-day trading on Thursday, hitting $51.07. The stock had a trading volume of 137,764 shares. The stock has a market cap of $3.75 billion, a P/E ratio of 42.92 and a beta of 0.62. The company’s 50 day moving average price is $52.84 and its 200 day moving average price is $49.33. Healthcare Services Group has a 12-month low of $34.83 and a 12-month high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.74%. The firm had revenue of $491.40 million during the quarter, compared to analysts’ expectations of $485.53 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 25.1% on a year-over-year basis. Equities research analysts predict that Healthcare Services Group will post $1.25 EPS for the current fiscal year.

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In related news, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the completion of the sale, the insider now owns 32,542 shares of the company’s stock, valued at approximately $1,686,326.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert L. Frome sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the sale, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,750 shares of company stock worth $1,804,825. Company insiders own 4.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Healthcare Services Group by 145,799.8% during the 1st quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock valued at $378,341,000 after buying an additional 8,774,230 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Healthcare Services Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock valued at $325,763,000 after buying an additional 123,503 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Healthcare Services Group by 173.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock valued at $97,658,000 after buying an additional 1,322,948 shares during the last quarter. State Street Corp grew its position in shares of Healthcare Services Group by 4.3% during the 2nd quarter. State Street Corp now owns 1,752,352 shares of the business services provider’s stock valued at $82,064,000 after buying an additional 71,873 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Healthcare Services Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,165,805 shares of the business services provider’s stock valued at $54,595,000 after buying an additional 27,427 shares during the last quarter. 91.48% 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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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