Healthcare Services Group, Inc. (NASDAQ:HCSG) Short Interest Update

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,030,000 shares, an increase of 9.8% from the December 31st total of 2,760,000 shares. Approximately 4.2% of the company's shares are sold short. Based on an average daily volume of 400,600 shares, the days-to-cover ratio is presently 7.6 days.

Healthcare Services Group Stock Up 0.1 %

Shares of NASDAQ:HCSG traded up $0.01 during midday trading on Wednesday, reaching $11.05. The company's stock had a trading volume of 362,001 shares, compared to its average volume of 382,496. The firm has a 50 day moving average of $11.77 and a 200-day moving average of $11.26. Healthcare Services Group has a 12-month low of $9.04 and a 12-month high of $13.00. The firm has a market capitalization of $809.85 million, a P/E ratio of 16.01 and a beta of 0.56.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird cut their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, October 24th. Macquarie began coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a "neutral" rating and a $13.00 target price on the stock. StockNews.com raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Finally, Benchmark restated a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Healthcare Services Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

Institutional Investors Weigh In On Healthcare Services Group

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in 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 worth $25,000 after purchasing an additional 1,073 shares during the period. Farther Finance Advisors LLC lifted its position 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 worth $30,000 after buying an additional 2,428 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Healthcare Services Group by 85.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock valued at $91,000 after purchasing an additional 3,774 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Healthcare Services Group during the 3rd quarter worth approximately $116,000. Finally, Ieq Capital LLC purchased a new stake in shares of Healthcare Services Group during the fourth quarter valued at $118,000. 97.97% of the stock is currently owned by institutional investors.

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.