Brokerages Set Healthcare Services Group, Inc. (NASDAQ:HCSG) PT at $13.80

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.80.

A number of analysts have issued reports on the company. StockNews.com raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday. 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 price objective for the company. Robert W. Baird reduced 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. Finally, Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th.

Healthcare Services Group Stock Performance

NASDAQ:HCSG opened at $10.70 on Tuesday. Healthcare Services Group has a one year low of $9.34 and a one year high of $13.00. The stock has a market cap of $784.20 million, a PE ratio of 15.51 and a beta of 0.56. The stock has a 50 day moving average price of $11.68 and a 200 day moving average price of $11.25.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HCSG. Corient Private Wealth LLC lifted its holdings in shares of Healthcare Services Group by 18.0% in the 4th quarter. Corient Private Wealth LLC now owns 268,596 shares of the business services provider’s stock worth $3,120,000 after acquiring an additional 41,015 shares during the last quarter. Royce & Associates LP raised its position in Healthcare Services Group by 4.9% in the fourth quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after purchasing an additional 219,103 shares during the period. First Eagle Investment Management LLC acquired a new position in Healthcare Services Group during the fourth quarter worth $3,031,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Healthcare Services Group by 47.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 117,127 shares of the business services provider’s stock worth $1,360,000 after buying an additional 37,767 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Healthcare Services Group in the fourth quarter valued at $166,278,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

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.