Healthcare Services Group (NASDAQ:HCSG) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other equities research analysts also recently issued reports on HCSG. Jefferies Group reissued a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $54.80.

Shares of Healthcare Services Group (NASDAQ:HCSG) traded up $0.24 during trading on Thursday, hitting $51.23. 245,966 shares of the stock were exchanged, compared to its average volume of 509,354. Healthcare Services Group has a 52-week low of $37.54 and a 52-week high of $55.68. The stock has a market capitalization of $3,736.19, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 3.73 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm had revenue of $491.40 million for the quarter, compared to the consensus estimate of $485.53 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. analysts expect that Healthcare Services Group will post 1.24 earnings per share for the current fiscal year.

In related news, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total value of $1,193,175.00. Following the transaction, the insider now directly owns 14,413 shares in the company, valued at $764,321.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the completion of the transaction, the executive vice president now owns 14,413 shares in the company, valued at $763,889. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio increased its position in shares of Healthcare Services Group by 16.9% in the second quarter. Strs Ohio now owns 9,000 shares of the business services provider’s stock worth $421,000 after purchasing an additional 1,300 shares during the last quarter. SG Americas Securities LLC grew its position in Healthcare Services Group by 720.8% during the second quarter. SG Americas Securities LLC now owns 23,466 shares of the business services provider’s stock valued at $1,099,000 after acquiring an additional 20,607 shares during the last quarter. Aperio Group LLC grew its position in Healthcare Services Group by 20.1% during the second quarter. Aperio Group LLC now owns 32,715 shares of the business services provider’s stock valued at $1,532,000 after acquiring an additional 5,474 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Healthcare Services Group by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 192,535 shares of the business services provider’s stock valued at $9,016,000 after acquiring an additional 2,601 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Healthcare Services Group by 63.0% during the second quarter. First Trust Advisors LP now owns 36,095 shares of the business services provider’s stock valued at $1,690,000 after acquiring an additional 13,950 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

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

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