Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $11.42. Healthcare Services Group shares last traded at $11.36, with a volume of 448,063 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on HCSG. StockNews.com cut shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Robert W. Baird dropped 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 note on Thursday, October 24th. Macquarie assumed 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. Finally, Benchmark reissued a "buy" rating and issued a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $13.80.
Read Our Latest Stock Analysis on HCSG
Healthcare Services Group Stock Up 0.0 %
The company has a market cap of $832.94 million, a price-to-earnings ratio of 16.47 and a beta of 0.56. The company's fifty day moving average price is $11.86 and its two-hundred day moving average price is $11.28.
Institutional Investors Weigh In On Healthcare Services Group
Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Healthcare Services Group by 100.8% during the fourth 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of Healthcare Services Group by 804.0% during 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. raised its holdings 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. International Assets Investment Management LLC lifted its holdings in shares of Healthcare Services Group by 1,017.5% in the third quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider's stock valued at $1,150,000 after purchasing an additional 9,371 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new position in Healthcare Services Group in the third quarter valued at $116,000. Institutional investors own 97.97% of the company's stock.
Healthcare Services Group Company Profile
(
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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