Deutsche Bank AG Has $2.06 Million Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

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 Form 13F filing with the Securities and Exchange Commission. The firm owned 176,825 shares of the business services provider's stock after acquiring an additional 22,834 shares during the period. Deutsche Bank AG owned about 0.24% of Healthcare Services Group worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Sterling Capital Management LLC raised its holdings in shares of Healthcare Services Group by 803.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock worth $27,000 after acquiring an additional 2,097 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Healthcare Services Group in the 4th quarter valued at about $25,000. MetLife Investment Management LLC lifted its holdings in shares of Healthcare Services Group by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 46,091 shares of the business services provider's stock valued at $535,000 after purchasing an additional 2,465 shares in the last quarter. Redmond Asset Management LLC boosted its position in shares of Healthcare Services Group by 2.3% during the fourth quarter. Redmond Asset Management LLC now owns 118,756 shares of the business services provider's stock worth $1,379,000 after buying an additional 2,614 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Healthcare Services Group by 22.2% during the fourth quarter. National Bank of Canada FI now owns 25,514 shares of the business services provider's stock worth $296,000 after buying an additional 4,637 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HCSG shares. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Robert W. Baird raised their price objective 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. Finally, Macquarie boosted their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Healthcare Services Group Price Performance

NASDAQ:HCSG traded down $0.08 during trading hours on Wednesday, hitting $14.18. The company's stock had a trading volume of 45,925 shares, compared to its average volume of 502,076. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $14.94. The stock has a fifty day simple moving average of $12.10 and a 200-day simple moving average of $11.66. The company has a market capitalization of $1.03 billion, a P/E ratio of 26.29 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $447.66 million during the quarter, compared to analysts' expectations of $443.82 million. During the same period in the prior year, the company earned $0.22 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Healthcare Services Group Profile

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.