December 1, 2016 - By Marguerite Chambers · 0 Comments
Healthcare Services Group Inc (NASDAQ:HCSG) institutional sentiment decreased to 1.15 in Q2 2016. Its down -0.11, from 1.26 in 2016Q1. The ratio worsened, as 107 investment managers increased or opened new positions, while 85 sold and reduced their stakes in Healthcare Services Group Inc. The investment managers in our partner’s database now possess: 65.41 million shares, down from 66.06 million shares in 2016Q1. Also, the number of investment managers holding Healthcare Services Group Inc in their top 10 positions increased from 4 to 7 for an increase of 3. Sold All: 11 Reduced: 74 Increased: 82 New Position: 25.
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 has a market cap of $2.81 billion. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. It has a 42.55 P/E ratio. The Company’s divisions include Housekeeping and Dietary.
About 191,311 shares traded hands. Healthcare Services Group, Inc. (NASDAQ:HCSG) has risen 2.88% since April 28, 2016 and is uptrending. It has underperformed by 3.05% the S&P500.
Analysts await Healthcare Services Group, Inc. (NASDAQ:HCSG) to report earnings on February, 7. They expect $0.28 EPS, up 115.38% or $0.15 from last year’s $0.13 per share. HCSG’s profit will be $20.34 million for 34.54 P/E if the $0.28 EPS becomes a reality. After $0.27 actual EPS reported by Healthcare Services Group, Inc. for the previous quarter, Wall Street now forecasts 3.70% EPS growth.
According to Zacks Investment Research, “Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals.”
Ami Asset Management Corp holds 3.9% of its portfolio in Healthcare Services Group, Inc. for 1.35 million shares. Goodman Financial Corp owns 155,496 shares or 3.84% of their US portfolio. Moreover, Summit Creek Advisors Llc has 3.06% invested in the company for 434,930 shares. The Minnesota-based Riverbridge Partners Llc has invested 2.93% in the stock. Conestoga Capital Advisors Llc, a Pennsylvania-based fund reported 788,261 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 insider sales for $4.58 million net activity.
Ratings analysis reveals 100% of Healthcare Services’s analysts are positive. Out of 2 Wall Street analysts rating Healthcare Services, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $37 while the high is $46. The stock’s average target of $42.50 is 9.88% above today’s ($38.68) share price. HCSG was included in 3 notes of analysts from July 29, 2015. Stifel Nicolaus maintained the shares of HCSG in a report on Wednesday, October 14 with “Buy” rating. The rating was initiated by Robert W. Baird with “Outperform” on Friday, September 16.
Healthcare Services Group, Inc., incorporated on November 22, 1976, provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company’s divisions include Housekeeping and Dietary. The Housekeeping segment consists of housekeeping, laundry and linen services. The Dietary segment includes dietary department services. The Firm provides its services to the long-term care industry in the United States, rendering such services to over 3,500 facilities in approximately 48 states. The Firm provides housekeeping services to various client facilities and dietary services to over 1,000 of such facilities.
More recent Healthcare Services Group, Inc. (NASDAQ:HCSG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Harris, Circor International and Healthcare Services Group” on November 14, 2016. Also Nasdaq.com published the news titled: “Healthcare Services Group, Inc. (HCSG) Ex-Dividend Date Scheduled for November …” on November 15, 2016. Globenewswire.com‘s news article titled: “Healthcare Services Group, Inc. Reports Results for the Three and Six Months …” with publication date: July 12, 2016 was also an interesting one.
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By Marguerite Chambers