Wall Street Zen has downgraded Healthcare Services Group (NASDAQ:HCSG) from a “strong-buy” to a “buy” rating. Despite the downgrade, the company reported strong Q4 earnings, beating EPS consensus and increasing revenue by 6.6% year-over-year. However, significant insider selling by EVPs Patrick Orr and John Christopher Shea, who sold a combined 99,857 shares in mid-February, raises a negative signal for investors, while institutions own a substantial 97.97% of the float.
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Wall Street Zen Downgrades Healthcare Services Group (NASDAQ:HCSG) to Buy
Wall Street Zen has downgraded Healthcare Services Group (NASDAQ:HCSG) from a “strong-buy” to a “buy” rating. Despite the downgrade, the company reported strong Q4 earnings, beating EPS consensus and increasing revenue by 6.6% year-over-year. However, significant insider selling by EVPs Patrick Orr and John Christopher Shea, who sold a combined 99,857 shares in mid-February, raises a negative signal for investors, while institutions own a substantial 97.97% of the float.