Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives Consensus Rating of "Hold" from Analysts

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $13.80.

Several equities analysts have recently commented on HCSG shares. Macquarie began coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. StockNews.com raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Finally, Robert W. Baird lowered their price objective 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.

Healthcare Services Group Price Performance

HCSG traded down $0.16 during trading hours on Tuesday, reaching $10.78. The company's stock had a trading volume of 434,382 shares, compared to its average volume of 386,915. The stock has a market cap of $790.07 million, a PE ratio of 15.62 and a beta of 0.56. Healthcare Services Group has a fifty-two week low of $9.08 and a fifty-two week high of $13.00. The business's 50-day moving average is $11.74 and its 200-day moving average is $11.26.

Institutional Trading of Healthcare Services Group

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after buying an additional 1,073 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Healthcare Services Group in the fourth quarter worth $25,000. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 2,428 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of 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 acquiring an additional 3,774 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Healthcare Services Group in the third quarter valued at $116,000. Institutional investors and hedge funds 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.