Healthcare Services Group, Inc. (HCSG) Just Reaches All-Time High?

July 17, 2017 - By Dolores Ford

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.05, from 1.15 in 2016Q3. It is negative, as 20 investors sold Healthcare Services Group, Inc. shares while 80 reduced holdings. 29 funds opened positions while 81 raised stakes. 66.07 million shares or 0.95% less from 66.70 million shares in 2016Q3 were reported.
Ftb Advsr stated it has 724 shares or 0% of all its holdings. Voya Inv Management invested 0.12% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Goldman Sachs Gp reported 1.37 million shares stake. 8,164 are held by Dubuque State Bank Tru. Blackrock Fund Advisors holds 0.04% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 5.83 million shares. Davis R M Incorporated has invested 0.84% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Comerica Financial Bank has invested 0.03% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Natl Bank Of America De reported 442,410 shares. 423,470 were accumulated by Summit Creek Advsr Ltd. Assetmark invested 0% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). Ami Asset Mngmt Corporation owns 983,258 shares or 2.85% of their US portfolio. Pnc Fincl Services Group has 145,302 shares for 0.01% of their portfolio. Amalgamated Bancorp, New York-based fund reported 9,343 shares. The Massachusetts-based Geode Cap Management Ltd Llc has invested 0.01% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Df Dent Inc accumulated 1.66M shares or 1.82% of the stock.

Since February 14, 2017, it had 0 insider purchases, and 7 selling transactions for $6.49 million activity. 4,800 shares valued at $201,518 were sold by Bundick Jason J on Friday, March 3. $305,707 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) shares were sold by MOSS ROBERT J. The insider BRIGGS JOHN sold 2,500 shares worth $118,792. 5,000 Healthcare Services Group, Inc. (NASDAQ:HCSG) shares with value of $240,000 were sold by FROME ROBERT L. Ottaviano Dino D also sold $50,483 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) on Thursday, March 2. MCCARTNEY DANIEL P sold $5.22 million worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) on Thursday, May 11.

The stock of Healthcare Services Group, Inc. (NASDAQ:HCSG) reached all time high today, Jul, 17 and still has $56.88 target or 9.00 % above today’s $52.18 share price. This indicates more upside for the $3.83 billion company. This technical setup was reported by Barchart.com. If the $56.88 PT is reached, the company will be worth $344.70 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 343,267 shares traded. Healthcare Services Group, Inc. (NASDAQ:HCSG) has risen 24.89% since July 17, 2016 and is uptrending. It has outperformed by 8.19% the S&P500.

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

Among 3 analysts covering Healthcare Services (NASDAQ:HCSG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Healthcare Services had 7 analyst reports since July 29, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Outperform” rating and $52 target in Wednesday, July 12 report. The firm has “Hold” rating given on Monday, June 5 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $39 target in Wednesday, October 14 report. Stifel Nicolaus maintained the shares of HCSG in report on Wednesday, July 12 with “Buy” rating. The rating was maintained by Jefferies on Friday, July 7 with “Hold”. The firm earned “Outperform” rating on Friday, September 16 by Robert W. Baird.

More important recent Healthcare Services Group, Inc. (NASDAQ:HCSG) news were published by: Zacks.com which released: “Healthcare Services Group (HCSG) Jumps: Stock Rises 10.9% July 13, 2017” on July 13, 2017, also Reuters.com published article titled: “BRIEF-Healthcare Services Group qtrly earnings per share $0.30”, Investorplace.com published: “3 Stocks to Watch on Wednesday: Square Inc (SQ), Cara Therapeutics Inc (CARA …” on July 12, 2017. More interesting news about Healthcare Services Group, Inc. (NASDAQ:HCSG) was released by: Globenewswire.com and their article: “Healthcare Services Group, Inc. Reports Results for the Three and Six Months …” with publication date: July 11, 2017.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The company has market cap of $3.83 billion. The Firm operates through two divisions: housekeeping, laundry, linen and other services , and dietary department services (Dietary). It has a 45.57 P/E ratio. The Company’s housekeeping service involves the management of a client’s housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident rooms and common areas of a client’s facility.

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