Healthcare Services Group Inc.’s recently made public that its Director Simmons Kurt JR acquired Company’s shares for reported $15005.0 on Jun 30. In the deal valued at $14.93 per share,1,005 shares were bought. As a result of this transaction, Simmons Kurt JR now holds 8,542 shares worth roughly $ 0.1 million.
Then, Brophy Andrew M sold 951 shares, generating $12,753 in total proceeds. Upon selling the shares at $13.41, the Principal Accounting Officer now owns 3,644 shares.
Jefferies upgraded its Healthcare Services Group Inc. [HCSG] rating to a Hold from a an Underperform in a research note published on Friday, March 24, 2023; the price target was increased to $14 from $8.50. PT values the company’s stock at a premium of 16.14 to its Friday closing price.
Price Performance Review of HCSG
On Friday, Healthcare Services Group Inc. [NASDAQ:HCSG] saw its stock jump 1.65% to $11.74. On the same session, the stock had its day’s lowest price of $11.60, but rose to a high of $11.78. Over the last five days, the stock has gained 0.43%. Healthcare Services Group Inc. shares have fallen nearly -2.17% since the year began. Nevertheless, the stocks have fallen -16.56% over the past one year. While a 52-week high of $15.97 was reached on 04/28/23, a 52-week low of $11.48 was recorded on 08/30/23. SMA at 50 days reached $13.34, while 200 days put it at $13.57. A total of 0.46 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For HCSG Stock
The 24-hour chart illustrates a support level at 11.63, which if violated will result in even more drops to 11.53. On the upside, there is a resistance level at 11.81. A further resistance level may holdings at 11.89. The Relative Strength Index (RSI) on the 14-day chart is 30.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.15%. Stochastics %K at 11.28% indicates the stock is a buying.
How much short interest is there in Healthcare Services Group Inc.?
A steep rise in short interest was recorded in Healthcare Services Group Inc. stocks on Aug 14, 2023, dropping by -1.86 million shares to a total of 2.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.99 million shares. There was a decline of -87.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.35.
Healthcare Services Group Inc. [HCSG] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,480,944 shares, or roughly 15.47% of the outstanding HCSG shares. In other words, the investor’s shares have risen by 308,625 from its previous 13-F filing of 11172319.0. Additionally, The Vanguard Group, Inc. decreased -0.76% of its stake after which the total value it holdings stand at $108,553,563, while Mackenzie Financial Corp. reduced -0.37% of its stake to hold $52.02 million in the firm. Over the last quarter, American Century Investment Manag purchased 1,578,625 shares of Healthcare Services Group Inc., while SSgA Funds Management, Inc. bought -27,116 shares. At present, Royce & Associates LP is holding 2,297,775 shares valued at $28.97 million. DePrince, Race & Zollo, Inc. owned 2,050,623 shares of the company at the time of its most recent 13F filing, worth $25.86 million.
According to FactSet, Healthcare Services Group Inc.’s share price will average $15.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.87 percent from its previous closing price of $11.55. Analysts expect Healthcare Services Group Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $14.00. However, 6 analysts have rated HCSG stock as an Overweight in their predictions for 2023.