Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $9.30 and last traded at $9.66, with a volume of 737 shares trading hands. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group presently has a consensus rating of "Hold" and a consensus target price of $14.00.
Check Out Our Latest Analysis on Healthcare Services Group
Healthcare Services Group Stock Performance
The stock has a market cap of $683.22 million, a price-to-earnings ratio of 17.35 and a beta of 0.62. The business has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $11.08.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Healthcare Services Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position 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 period. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group during the fourth quarter worth about $25,000. Sterling Capital Management LLC increased its position in Healthcare Services Group by 803.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock worth $27,000 after buying an additional 2,097 shares during the last quarter. Ieq Capital LLC bought a new stake in Healthcare Services Group in the fourth quarter valued at approximately $118,000. Finally, Bank of Montreal Can acquired a new stake in shares of Healthcare Services Group in the fourth quarter valued at approximately $118,000. 97.97% of the stock is owned by institutional investors.
About Healthcare Services Group
(
Get Free Report)
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.
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