Key Points
- CAO Andrew Brophy sold 2,490 shares of Healthcare Services Group on Feb. 26 at an average price of $21.75 for $54,157.50, cutting his stake by 13.66% to 15,735 shares (valued at about $342,236).
- Healthcare Services Group reported Q4 EPS of $0.44 versus $0.23 expected and revenue of $466.7M (up 6.6% YoY); the stock trades near $21.56 with a $1.52B market cap and an average analyst rating of Moderate Buy (consensus target ~$22).
Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) CAO Andrew Brophy sold 2,490 shares of Healthcare Services Group stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $21.75, for a total transaction of $54,157.50. Following the completion of the transaction, the chief accounting officer owned 15,735 shares of the company's stock, valued at $342,236.25. This represents a 13.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Healthcare Services Group Stock Performance
Shares of NASDAQ:HCSG traded down $0.20 during trading hours on Friday, reaching $21.56. The stock had a trading volume of 63,438 shares, compared to its average volume of 783,600. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $22.98. The firm's 50 day moving average is $19.63 and its 200-day moving average is $17.90. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 26.29 and a beta of 0.74.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its earnings results on Wednesday, February 11th. The business services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.21. The firm had revenue of $466.68 million during the quarter, compared to the consensus estimate of $467.24 million. Healthcare Services Group had a net margin of 3.21% and a return on equity of 16.04%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on HCSG shares. Robert W. Baird set a $23.00 target price on Healthcare Services Group in a research note on Thursday, February 12th. Weiss Ratings restated a "hold (c+)" rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Macquarie Infrastructure reaffirmed a "buy" rating on shares of Healthcare Services Group in a research report on Wednesday, November 26th. William Blair upgraded shares of Healthcare Services Group from a "market perform" rating to an "outperform" rating in a research note on Friday, February 20th. Finally, UBS Group set a $25.00 price target on shares of Healthcare Services Group and gave the company a "buy" rating in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.00.
Check Out Our Latest Stock Report on HCSG
Hedge Funds Weigh In On Healthcare Services Group
A number of institutional investors have recently modified their holdings of HCSG. Miller Global Investments LLC acquired a new stake in Healthcare Services Group during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Healthcare Services Group in the fourth quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Healthcare Services Group by 163.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock valued at $33,000 after buying an additional 1,356 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group by 94.9% during the third quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 1,384 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Healthcare Services Group by 32.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider's stock worth $69,000 after buying an additional 877 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.
About Healthcare Services Group
(
Get Free Report)
Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.
Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.
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