Healthcare Services Group, Inc. (HCSG) on Focus After Trading At 52-Week Lows

April 16, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.26 in Q4 2017. Its down 0.07, from 1.33 in 2017Q3. It worsened, as 13 investors sold Healthcare Services Group, Inc. shares while 85 reduced holdings. 34 funds opened positions while 89 raised stakes. 68.88 million shares or 4.32% more from 66.03 million shares in 2017Q3 were reported.
Louisiana State Employees Retirement Systems reported 0.08% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Ubs Asset Mngmt Americas Inc reported 50,516 shares stake. Palisade Capital Mgmt Nj invested 0.9% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). 100,656 are held by Envestnet Asset. Evercore Wealth Limited Liability Company reported 320 shares or 0% of all its holdings. Ny State Teachers Retirement invested in 0.02% or 148,702 shares. Guggenheim Ltd Limited Liability Company reported 0.01% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). Rhumbline Advisers, Massachusetts-based fund reported 170,643 shares. Profund Limited Liability Company accumulated 0.02% or 12,197 shares. 10,177 are held by Da Davidson And Commerce. Moreover, Legal & General Gp Public Ltd Com has 0.01% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 150,358 shares. National Bank Of Nova Scotia invested 0% in Healthcare Services Group, Inc. (NASDAQ:HCSG). New York-based Morgan Stanley has invested 0% in Healthcare Services Group, Inc. (NASDAQ:HCSG). First Republic Inv Mgmt Inc accumulated 0% or 8,059 shares. Barclays Public Limited Co holds 0% or 11,307 shares.

Since March 16, 2018, it had 0 insider purchases, and 2 insider sales for $156,725 activity. $89,000 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) was sold by MOSS ROBERT J on Monday, March 19.

The stock of Healthcare Services Group, Inc. (NASDAQ:HCSG) hit a new 52-week low and has $36.52 target or 9.00 % below today’s $40.13 share price. The 7 months bearish chart indicates high risk for the $2.96B company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $36.52 price target is reached, the company will be worth $266.13M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.88% or $2.06 during the last trading session, reaching $40.13. About 1.78M shares traded or 59.56% up from the average. Healthcare Services Group, Inc. (NASDAQ:HCSG) has risen 0.69% since April 16, 2017 and is uptrending. It has underperformed by 10.86% the S&P500.

Healthcare Services Group, Inc. (NASDAQ:HCSG) Ratings Coverage

Among 4 analysts covering Healthcare Services (NASDAQ:HCSG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Healthcare Services had 4 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was reinitiated by Credit Suisse on Friday, November 3 with “Outperform”. The rating was downgraded by Robert W. Baird to “Hold” on Wednesday, February 7. The stock of Healthcare Services Group, Inc. (NASDAQ:HCSG) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 17. The rating was maintained by Jefferies on Wednesday, October 18 with “Hold”.

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. The company has market cap of $2.96 billion. It operates through two divisions, Housekeeping and Dietary. It has a 33.72 P/E ratio. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of clientÂ’s facility, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at a client facility.

Healthcare Services Group, Inc. (NASDAQ:HCSG) Institutional Positions Chart

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