Healthcare Services Group, Inc. (NASDAQ:HCSG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been given an average rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.80.

Several research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. Robert W. Baird reduced their price objective 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. StockNews.com raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Macquarie started coverage on Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 price target on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cerity Partners LLC bought a new position in shares of Healthcare Services Group in the third quarter valued at approximately $9,166,000. Foundry Partners LLC lifted its position in Healthcare Services Group by 86.5% in the third quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock worth $9,015,000 after purchasing an additional 374,301 shares during the period. Royce & Associates LP increased its position in shares of Healthcare Services Group by 7.0% during the 3rd quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after purchasing an additional 290,621 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Healthcare Services Group in the 3rd quarter worth $3,217,000. Finally, State Street Corp lifted its holdings in shares of Healthcare Services Group by 8.3% in the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after buying an additional 226,818 shares during the period. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Down 0.5 %

NASDAQ HCSG opened at $11.03 on Tuesday. Healthcare Services Group has a fifty-two week low of $8.98 and a fifty-two week high of $13.00. The business has a fifty day moving average of $11.82 and a 200-day moving average of $11.26. The stock has a market cap of $808.40 million, a price-to-earnings ratio of 15.99 and a beta of 0.56.

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.