Baird Initiates Coverage on Healthcare Services Group(NASDAQ:HCSG). The shares have been rated Outperform. The rating by Baird was issued on Sep 16, 2016.
Healthcare Services Group (HCSG) made into the market gainers list on Thursdays trading session with the shares advancing 1.80% or 0.69 points. Due to strong positive momentum, the stock ended at $39.08, which is also near the day’s high of $39.27. The stock began the session at $38.5 and the volume stood at 3,53,397 shares. The 52-week high of the shares is $42.18 and the 52 week low is $31.5. The company has a current market capitalization of $2,832 M and it has 7,24,61,000 shares in outstanding.
Healthcare Services Group(HCSG) last announced its earnings results on Jul 12, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $386.56M. Analysts had an estimated revenue of $392.26M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.
Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Robert L Frome (director) sold 3,365 shares at $38.10 per share price.Also, On Jun 13, 2016, Robert J Moss (director) sold 7,485 shares at $40.00 per share price.On Jun 7, 2016, John Briggs (director) sold 3,700 shares at $39.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Healthcare Services Group Inc. provides management administrative and operating services to the housekeeping laundry linen facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes retirement complexes rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping laundry and linen. Housekeeping segment also includes laundering and processing the bed linens uniforms and other assorted linen items utilized by a client facility. The Dietary segment includes dietary department services. Dietary consists of managing the client’s dietary department which is principally responsible for food purchasing meal preparation and providing professional dietitian consulting services which includes the development of a menu that meets a patient’s dietary needs.