Healthcare Services Group (NASDAQ:HCSG) Upgraded at StockNews.com

Healthcare Services Group (NASDAQ:HCSG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also issued reports on HCSG. Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. Benchmark restated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, Robert W. Baird cut their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.80.

Healthcare Services Group Trading Down 0.7 %

NASDAQ HCSG opened at $10.70 on Tuesday. Healthcare Services Group has a 1-year low of $9.34 and a 1-year high of $13.00. The firm has a market cap of $784.20 million, a PE ratio of 15.51 and a beta of 0.56. The stock has a 50-day moving average of $11.68 and a 200-day moving average of $11.25.

Institutional Investors Weigh In On Healthcare Services Group

Several large investors have recently made changes to their positions in HCSG. Wealthfront Advisers LLC purchased a new position in shares of Healthcare Services Group in the 4th quarter worth $166,278,000. Cerity Partners LLC purchased a new stake in Healthcare Services Group during the third quarter valued at approximately $9,166,000. Raymond James Financial Inc. bought a new position in shares of Healthcare Services Group during the 4th quarter valued at approximately $5,909,000. Foundry Partners LLC raised its holdings in Healthcare Services Group by 86.5% during the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock valued at $9,015,000 after buying an additional 374,301 shares during the period. Finally, Royce & Associates LP boosted its stake in Healthcare Services Group by 7.0% during the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock worth $49,701,000 after buying an additional 290,621 shares during the period. 97.97% of the stock is owned by institutional investors.

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.