Healthcare Services Group Inc. (NASDAQ:HCSG) announced its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.00. Healthcare Services Group had a net margin of 4.25% and a return on equity of 20.70%. The business earned $392.70 million during the quarter, compared to analyst estimates of $394.10 million. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 9.0% on a year-over-year basis.

Healthcare Services Group (NASDAQ:HCSG) traded down 0.83% on Tuesday, reaching $39.46. 636,939 shares of the company’s stock traded hands. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 45.30 and a beta of 0.64. Healthcare Services Group has a 52 week low of $31.50 and a 52 week high of $42.18. The firm has a 50-day moving average price of $39.15 and a 200-day moving average price of $38.76.

Earnings History for Healthcare Services Group (NASDAQ:HCSG)

In other Healthcare Services Group news, Director Robert L. Frome sold 3,365 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $38.10, for a total value of $128,206.50. Following the completion of the transaction, the director now directly owns 33,866 shares of the company’s stock, valued at $1,290,294.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HCSG. Credit Suisse AG increased its position in shares of Healthcare Services Group by 180.9% in the second quarter. Credit Suisse AG now owns 396,000 shares of the company’s stock worth $16,386,000 after buying an additional 255,047 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Healthcare Services Group by 12.8% in the second quarter. Loomis Sayles & Co. L P now owns 1,038,258 shares of the company’s stock worth $42,963,000 after buying an additional 117,975 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Healthcare Services Group by 1.8% in the second quarter. BlackRock Fund Advisors now owns 4,800,841 shares of the company’s stock worth $198,659,000 after buying an additional 85,537 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Healthcare Services Group by 108.9% in the second quarter. ProShare Advisors LLC now owns 59,180 shares of the company’s stock worth $2,449,000 after buying an additional 30,848 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC increased its position in shares of Healthcare Services Group by 8.8% in the second quarter. Columbia Wanger Asset Management LLC now owns 333,068 shares of the company’s stock worth $13,782,000 after buying an additional 26,909 shares during the last quarter. 94.89% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Jefferies Group raised their target price on shares of Healthcare Services Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Wednesday, July 13th. William Blair lowered shares of Healthcare Services Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 7th. Finally, Robert W. Baird assumed coverage on shares of Healthcare Services Group in a report on Friday, September 16th. They issued an “outperform” rating and a $46.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.33.

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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

5 Day Chart for NASDAQ:HCSG

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