Nuveen Asset Management LLC Boosts Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Nuveen Asset Management LLC increased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 829,322 shares of the business services provider's stock after buying an additional 68,935 shares during the period. Nuveen Asset Management LLC owned about 1.13% of Healthcare Services Group worth $9,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HCSG. Wealthfront Advisers LLC bought a new position in Healthcare Services Group in the fourth quarter worth approximately $166,278,000. Raymond James Financial Inc. acquired a new position in shares of Healthcare Services Group during the fourth quarter worth $5,909,000. First Eagle Investment Management LLC acquired a new position in shares of Healthcare Services Group during the fourth quarter worth $3,031,000. Franklin Resources Inc. increased its position in shares of Healthcare Services Group by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock worth $9,229,000 after purchasing an additional 234,025 shares in the last quarter. Finally, Dean Investment Associates LLC acquired a new position in shares of Healthcare Services Group during the fourth quarter worth $2,607,000. Institutional investors own 97.97% of the company's stock.

Wall Street Analyst Weigh In

HCSG has been the topic of a number of recent analyst reports. Wall Street Zen raised Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Robert W. Baird upped their price target on 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 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. Finally, Macquarie upped their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock 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 company. Based on data from MarketBeat, Healthcare Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Healthcare Services Group Stock Down 0.8%

Shares of HCSG traded down $0.11 during trading hours on Monday, reaching $13.99. 546,416 shares of the company traded hands, compared to its average volume of 499,066. The stock has a market capitalization of $1.02 billion, a P/E ratio of 25.91 and a beta of 0.55. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $14.90. The business has a fifty day moving average price of $12.40 and a 200-day moving average price of $11.72.

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