Healthcare Services Group, Inc. (NASDAQ:HCSG)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $49.00 price objective on the business services provider’s stock. Jefferies Group LLC’s price objective suggests a potential downside of 9.21% from the stock’s previous close.

A number of other research analysts also recently issued reports on HCSG. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Robert W. Baird boosted their price objective on Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Credit Suisse Group reissued an “outperform” rating and issued a $56.00 price objective (up from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.00.

Shares of Healthcare Services Group (NASDAQ:HCSG) opened at 53.97 on Friday. The firm has a 50 day moving average price of $51.15 and a 200 day moving average price of $47.64. The company has a market capitalization of $3.95 billion, a P/E ratio of 47.34 and a beta of 0.63. Healthcare Services Group has a one year low of $34.83 and a one year high of $55.20.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $470.90 million for the quarter, compared to the consensus estimate of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. On average, equities research analysts predict that Healthcare Services Group will post $1.25 EPS for the current fiscal year.

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In related news, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $52.76, for a total value of $105,520.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $105,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Frome sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the director now directly owns 20,501 shares of the company’s stock, valued at $1,086,553. The disclosure for this sale can be found here. Insiders sold a total of 36,750 shares of company stock valued at $1,910,345 over the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of HCSG. BlackRock Inc. increased its position in Healthcare Services Group by 145,799.8% in the 1st quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock valued at $378,341,000 after buying an additional 8,774,230 shares in the last quarter. Janus Henderson Group PLC increased its position in Healthcare Services Group by 173.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock valued at $97,658,000 after buying an additional 1,322,948 shares in the last quarter. Vanguard Group Inc. increased its position in Healthcare Services Group by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock valued at $294,424,000 after buying an additional 418,676 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Healthcare Services Group by 25.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 979,394 shares of the business services provider’s stock valued at $42,202,000 after buying an additional 199,082 shares in the last quarter. Finally, Geneva Advisors LLC increased its position in Healthcare Services Group by 734.2% in the 2nd quarter. Geneva Advisors LLC now owns 191,918 shares of the business services provider’s stock valued at $8,988,000 after buying an additional 168,911 shares in the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.

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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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