Healthcare Services Group (NASDAQ:HCSG) Given "Buy" Rating at Benchmark

Benchmark reiterated their buy rating on shares of Healthcare Services Group (NASDAQ:HCSG - Free Report) in a research report report published on Thursday, Benzinga reports. The brokerage currently has a $17.00 price target on the business services provider's stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird lowered their price target on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday. Royal Bank of Canada decreased their target price on Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.00.

Healthcare Services Group Trading Up 1.1 %

Shares of HCSG stock traded up $0.12 during trading hours on Thursday, reaching $10.70. 632,091 shares of the company's stock were exchanged, compared to its average volume of 502,576. Healthcare Services Group has a 1 year low of $8.75 and a 1 year high of $13.00. The stock has a market cap of $788.01 million, a PE ratio of 18.74 and a beta of 0.52. The stock's fifty day moving average price is $10.72 and its two-hundred day moving average price is $10.89.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business had revenue of $426.30 million for the quarter, compared to analyst estimates of $424.94 million. During the same quarter in the prior year, the business posted $0.12 EPS. Healthcare Services Group's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Healthcare Services Group will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in 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 valued at $91,000 after buying an additional 3,774 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Healthcare Services Group by 62.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,119 shares of the business services provider's stock valued at $214,000 after purchasing an additional 7,362 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Healthcare Services Group by 1,017.5% in the 3rd quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider's stock worth $1,150,000 after purchasing an additional 9,371 shares during the period. Stanley Laman Group Ltd. boosted its position in Healthcare Services Group by 1.2% during the third quarter. Stanley Laman Group Ltd. now owns 347,581 shares of the business services provider's stock worth $3,882,000 after purchasing an additional 4,126 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in Healthcare Services Group by 54.3% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 54,000 shares of the business services provider's stock valued at $603,000 after purchasing an additional 19,000 shares during the period. 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.