Ameriprise Financial Inc. Has $11.14 Million Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Ameriprise Financial Inc. increased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 959,293 shares of the business services provider's stock after purchasing an additional 53,628 shares during the period. Ameriprise Financial Inc. owned about 1.31% of Healthcare Services Group worth $11,142,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Healthcare Services Group during the 4th quarter worth about $25,000. Sterling Capital Management LLC lifted its holdings in shares of Healthcare Services Group by 803.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after buying an additional 2,097 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Healthcare Services Group during the 4th quarter valued at about $118,000. Ieq Capital LLC bought a new stake in shares of Healthcare Services Group in the 4th quarter valued at approximately $118,000. Finally, Financial Management Professionals Inc. increased its holdings in Healthcare Services Group by 32.4% in the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider's stock worth $126,000 after buying an additional 2,653 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCSG has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Macquarie increased their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.80.

Healthcare Services Group Stock Down 0.6%

Shares of NASDAQ:HCSG traded down $0.08 during trading on Friday, reaching $14.20. The stock had a trading volume of 560,413 shares, compared to its average volume of 503,481. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.30 and a beta of 0.55. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $14.90. The stock has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $11.63.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to the consensus estimate of $443.82 million. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.