Healthcare Services Group (NASDAQ:HCSG) Shares Gap Up to $11.95

Healthcare Services Group, Inc. (NASDAQ:HCSG)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $11.95, but opened at $12.44. Healthcare Services Group shares last traded at $11.36, with a volume of 143,063 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Benchmark upped their target price on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Royal Bank of Canada upped their target price on shares of Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. UBS Group upped their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Robert W. Baird upped their price target on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Trading Down 4.9 %

The firm’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $10.71. The stock has a market cap of $836.55 million, a PE ratio of 21.11 and a beta of 0.49.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 14th. The business services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company had revenue of $423.80 million during the quarter, compared to analysts’ expectations of $424.57 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Healthcare Services Group’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current year.

Institutional Investors Weigh In On Healthcare Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Healthcare Services Group by 173.4% during the third quarter. CWM LLC now owns 10,209 shares of the business services provider’s stock worth $106,000 after buying an additional 6,475 shares during the period. SG Americas Securities LLC purchased a new position in shares of Healthcare Services Group during the 3rd quarter valued at about $796,000. Azarias Capital Management L.P. raised its holdings in Healthcare Services Group by 248.8% in the 3rd quarter. Azarias Capital Management L.P. now owns 1,107,788 shares of the business services provider’s stock worth $11,554,000 after purchasing an additional 790,233 shares during the period. Cambiar Investors LLC increased its stake in Healthcare Services Group by 6.2% during the 3rd quarter. Cambiar Investors LLC now owns 150,629 shares of the business services provider’s stock worth $1,571,000 after buying an additional 8,820 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Healthcare Services Group by 25.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock worth $272,000 after buying an additional 5,358 shares in the last quarter. Hedge funds and other institutional investors 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.