Price Action Alert: Can Healthcare Services Group, Inc.’s Tomorrow be Different? The Stock Declines Again

Price Action Alert: Can Healthcare Services Group, Inc.'s Tomorrow be Different? The Stock Declines Again

The stock of Healthcare Services Group, Inc. (NASDAQ:HCSG) is a huge mover today! About 746,953 shares traded hands or 36.86% up from the average. Healthcare Services Group, Inc. (NASDAQ:HCSG) has risen 10.50% since March 9, 2016 and is uptrending. It has outperformed by 3.09% the S&P500.
The move comes after 8 months negative chart setup for the $2.71B company. It was reported on Oct, 12 by Barchart.com. We have $35.83 PT which if reached, will make NASDAQ:HCSG worth $135.50 million less.

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

Out of 2 analysts covering Healthcare Services (NASDAQ:HCSG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Healthcare Services has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. Robert W. Baird initiated the stock with “Outperform” rating in Friday, September 16 report.

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.”

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.22, from 1.04 in 2016Q1. The ratio is positive, as 11 funds sold all Healthcare Services Group, Inc. shares owned while 74 reduced positions. 25 funds bought stakes while 82 increased positions. They now own 65.41 million shares or 0.99% less from 66.06 million shares in 2016Q1.
Bamco Ny, a New York-based fund reported 600,000 shares. Redmond Asset Management Ltd Liability Corporation accumulated 1.56% or 75,545 shares. Tcw Group last reported 0.03% of its portfolio in the stock. Pier Cap Limited Liability, a Connecticut-based fund reported 135,702 shares. Ladenburg Thalmann Fincl Inc last reported 8,352 shares in the company. Geode Mngmt Limited Liability Corp, a Massachusetts-based fund reported 521,174 shares. Shufro Rose And Ltd Liability Corporation has invested 0.1% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). Thrivent For Lutherans last reported 263,317 shares in the company. Blair William Il accumulated 0.39% or 1.01 million shares. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma holds 22,085 shares or 0.02% of its portfolio. Tortoise Mgmt Limited Liability Com holds 299 shares or 0% of its portfolio. Tygh Cap Mgmt has 0.57% invested in the company for 48,668 shares. Summit Creek Ltd Liability Corporation has 3.06% invested in the company for 434,930 shares. Dimensional Fund L P accumulated 1.06M shares or 0.03% of the stock. Brave Asset holds 1,050 shares or 0.03% of its portfolio.

Insider Transactions: Since May 6, 2016, the stock had 0 insider buys, and 6 selling transactions for $8.29 million net activity. The insider MCCARTNEY DANIEL P sold 100,000 shares worth $3.74M. Ottaviano Dino D had sold 1,000 shares worth $38,790. $145,225 worth of shares were sold by BRIGGS JOHN on Friday, June 3. Another trade for 7,485 shares valued at $299,400 was sold by MOSS ROBERT J. FROME ROBERT L also sold $128,207 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) on Tuesday, July 19.

More recent Healthcare Services Group, Inc. (NASDAQ:HCSG) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Healthcare Services Group, Visa and Bunge” on August 15, 2016. Also Globenewswire.com published the news titled: “Healthcare Services Group, Inc. Reports Results for the Three and Six Months …” on July 12, 2016. Benzinga.com‘s news article titled: “22% Upside Seen In Healthcare Services Group, Baird Initiates At Outperform” with publication date: September 16, 2016 was also an interesting one.

HCSG Company Profile

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.

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