The EVP of Healthcare Services (NASDAQ: HCSG) is Selling Shares

By Carrie Williams

Today, the EVP of Healthcare Services (NASDAQ: HCSG), Michael Mcbryan, sold shares of HCSG for $305.7K.

Following Michael Mcbryan’s last HCSG Sell transaction on January 05, 2016, the stock climbed by 1.2%.

Based on Healthcare Services’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $393 million and quarterly net profit of $19.71 million. In comparison, last year the company earned revenue of $360 million and had a net profit of $17.09 million. The company has a one year high of $42.18 and a one year low of $31.50. HCSG’s market cap is $2.58B and the company has a P/E ratio of 39.18.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46.00, reflecting a -21.6% downside.

The insider sentiment on Healthcare Services has been neutral according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Healthcare Services Group, Inc. provides management, administrative and operating expertise and services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the U. S. The company operates its business through two segments: Housekeeping and Dietary. The Housekeeping segment consists of the managing of the client’s housekeeping department, which is principally responsible for the cleaning, disinfecting and sanitizing of patient rooms and common areas of a client’s facility, as well as the laundering and processing of the personal clothing belonging to the facility’s patients. The Dietary segment consists of managing the client’s dietary department which is principally responsible for food purchasing, meal preparation and providing dietician consulting professional services, which includes the development of a menu that meets the patient’s dietary needs. Healthcare Services Group was founded by Daniel P. McCartney on November 22, 1976 and is headquartered Bensalem, PA.