Deutsche Bank AG raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 176,825 shares of the business services provider's stock after acquiring an additional 22,834 shares during the quarter. Deutsche Bank AG owned 0.24% of Healthcare Services Group worth $2,055,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in HCSG. Legato Capital Management LLC lifted its stake in shares of Healthcare Services Group by 215.5% in the fourth quarter. Legato Capital Management LLC now owns 139,263 shares of the business services provider's stock valued at $1,618,000 after purchasing an additional 95,118 shares during the period. Stanley Laman Group Ltd. increased its holdings in Healthcare Services Group by 3.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 357,906 shares of the business services provider's stock valued at $4,157,000 after buying an additional 10,325 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Healthcare Services Group by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 355,419 shares of the business services provider's stock valued at $4,128,000 after acquiring an additional 9,492 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Healthcare Services Group by 71.3% during the 4th quarter. Rice Hall James & Associates LLC now owns 324,862 shares of the business services provider's stock worth $3,773,000 after acquiring an additional 135,233 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Healthcare Services Group by 16.9% in the 4th quarter. New York State Common Retirement Fund now owns 720,267 shares of the business services provider's stock worth $8,366,000 after acquiring an additional 104,157 shares during the period. 97.97% of the stock is currently owned by hedge funds and other institutional investors.
Healthcare Services Group Trading Up 1.1%
Shares of NASDAQ HCSG traded up $0.15 during trading on Tuesday, reaching $14.35. The company had a trading volume of 224,906 shares, compared to its average volume of 568,929. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $14.90. The stock has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $11.65. The stock has a market capitalization of $1.05 billion, a PE ratio of 26.57 and a beta of 0.55.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The firm had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. During the same quarter in the previous year, the company posted $0.22 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HCSG shares. Wall Street Zen raised Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. Macquarie boosted their price objective 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, Robert W. Baird raised their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $14.80.
Check Out Our Latest Stock Report on HCSG
Healthcare Services Group Company Profile
(
Free Report)
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.
Further Reading
Before you consider Healthcare Services Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Healthcare Services Group wasn't on the list.
While Healthcare Services Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
