Insider Selling: Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Sells 1,744 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) CAO Andrew M. Brophy sold 1,744 shares of Healthcare Services Group stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $10.45, for a total value of $18,224.80. Following the completion of the transaction, the chief accounting officer now directly owns 12,424 shares in the company, valued at $129,830.80. This represents a 12.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Healthcare Services Group Stock Down 0.5 %

Shares of NASDAQ:HCSG opened at $10.50 on Friday. The company has a market capitalization of $771.62 million, a price-to-earnings ratio of 19.44 and a beta of 0.56. The company has a 50 day moving average of $11.24 and a two-hundred day moving average of $11.22. Healthcare Services Group, Inc. has a 52-week low of $9.70 and a 52-week high of $13.00.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Macquarie started coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Benchmark reaffirmed 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.00.

Institutional Trading of Healthcare Services Group

Several large investors have recently modified their holdings of HCSG. GAMMA Investing LLC lifted its stake in shares of Healthcare Services Group by 100.8% in the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Healthcare Services Group in the fourth quarter worth $25,000. Sterling Capital Management LLC raised its holdings in Healthcare Services Group by 803.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 2,097 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Healthcare Services Group by 804.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Healthcare Services Group during the 4th quarter worth $118,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Company Profile

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.