ValuEngine upgraded shares of Healthcare Services Group (NASDAQ:HCSG) from a hold rating to a buy rating in a research report report published on Friday.

A number of other equities research analysts have also commented on the stock. BidaskClub raised shares of Healthcare Services Group from a buy rating to a strong-buy rating in a report on Wednesday, October 24th. Berenberg Bank assumed coverage on shares of Healthcare Services Group in a report on Thursday, October 4th. They set a hold rating and a $40.00 price objective on the stock. Zacks Investment Research lowered shares of Healthcare Services Group from a hold rating to a sell rating in a report on Wednesday, October 3rd. Stephens assumed coverage on shares of Healthcare Services Group in a report on Tuesday, October 2nd. They set an overweight rating on the stock. Finally, Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the stock a buy rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $46.00.

Shares of NASDAQ:HCSG opened at $44.06 on Friday. Healthcare Services Group has a 12 month low of $35.04 and a 12 month high of $56.20. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 37.03 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The company had revenue of $506.90 million for the quarter, compared to the consensus estimate of $510.27 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Healthcare Services Group will post 1.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is 64.71%.

In other news, Director Robert J. Moss sold 3,001 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $41.64, for a total value of $124,961.64. Following the transaction, the director now owns 3,001 shares of the company’s stock, valued at approximately $124,961.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Moss sold 5,001 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total transaction of $219,793.95. Following the completion of the transaction, the director now directly owns 5,001 shares in the company, valued at approximately $219,793.95. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC boosted its stake in shares of Healthcare Services Group by 3.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 80,115 shares of the business services provider’s stock valued at $3,460,000 after purchasing an additional 2,325 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Healthcare Services Group by 34.0% in the 2nd quarter. Stephens Inc. AR now owns 8,712 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 2,211 shares during the last quarter. AMI Asset Management Corp boosted its stake in shares of Healthcare Services Group by 5.4% in the 3rd quarter. AMI Asset Management Corp now owns 854,408 shares of the business services provider’s stock valued at $34,706,000 after purchasing an additional 44,151 shares during the last quarter. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Healthcare Services Group in the 2nd quarter valued at about $634,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Healthcare Services Group by 101.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 60,791 shares of the business services provider’s stock valued at $2,626,000 after purchasing an additional 30,554 shares during the last quarter.

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

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Analyst Recommendations for Healthcare Services Group (NASDAQ:HCSG)

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