Healthcare Services Group (NASDAQ:HCSG) Sets New 12-Month Low – Should You Sell?

Healthcare Services Group, Inc. (NASDAQ:HCSG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.30 and last traded at $9.66, with a volume of 737 shares changing hands. The stock had previously closed at $9.65.

Analyst Ratings Changes

Several research analysts recently commented on HCSG shares. StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

Healthcare Services Group Stock Down 0.3 %

The firm has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $11.08. The stock has a market cap of $699.61 million, a P/E ratio of 17.63 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, equities analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Services Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after buying an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group during the fourth quarter worth about $25,000. Sterling Capital Management LLC raised its stake in Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock worth $27,000 after purchasing an additional 2,097 shares in the last quarter. Bank of Montreal Can bought a new stake in Healthcare Services Group in the 4th quarter valued at about $118,000. Finally, Ieq Capital LLC bought a new position in shares of Healthcare Services Group during the fourth quarter worth approximately $118,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.