Andrew Brophy Sells 2,490 Shares of Healthcare Services Group (NASDAQ:HCSG) Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Andrew Brophy sold 2,490 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $21.75, for a total value of $54,157.50. Following the completion of the sale, the chief accounting officer directly owned 15,735 shares of the company’s stock, valued at approximately $342,236.25. This trade represents a 13.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Healthcare Services Group Trading Up 0.0%

NASDAQ:HCSG opened at $21.77 on Friday. The business’s fifty day moving average price is $19.67 and its 200 day moving average price is $17.95. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 26.55 and a beta of 0.74. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $22.98.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.21. The company had revenue of $466.68 million for the quarter, compared to analysts’ expectations of $467.24 million. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on HCSG. Robert W. Baird set a $23.00 target price on shares of Healthcare Services Group in a research report on Thursday, February 12th. UBS Group set a $25.00 price target on shares of Healthcare Services Group and gave the stock a “buy” rating in a research note on Thursday, February 12th. William Blair raised Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Friday, February 20th. Wall Street Zen lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Finally, Macquarie Infrastructure reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Hedge Funds Weigh In On Healthcare Services Group

Several institutional investors have recently bought and sold shares of HCSG. Royal Bank of Canada increased its holdings in shares of Healthcare Services Group by 3.7% during the 1st quarter. Royal Bank of Canada now owns 139,126 shares of the business services provider’s stock valued at $1,402,000 after acquiring an additional 4,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Healthcare Services Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 1,824 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Healthcare Services Group in the first quarter worth about $242,000. Jane Street Group LLC lifted its position in shares of Healthcare Services Group by 962.0% during the 1st quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider’s stock worth $2,017,000 after purchasing an additional 181,242 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in Healthcare Services Group during the 2nd quarter valued at approximately $340,000. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.