Nuveen Asset Management LLC Buys 68,935 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Nuveen Asset Management LLC grew its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 829,322 shares of the business services provider's stock after purchasing an additional 68,935 shares during the quarter. Nuveen Asset Management LLC owned about 1.13% of Healthcare Services Group worth $9,633,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Healthcare Services Group in the fourth quarter valued at about $25,000. Sterling Capital Management LLC boosted its holdings in Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after purchasing an additional 2,097 shares during the period. Bank of Montreal Can acquired a new position in shares of Healthcare Services Group during the 4th quarter worth approximately $118,000. Ieq Capital LLC bought a new position in shares of Healthcare Services Group during the fourth quarter worth approximately $118,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Healthcare Services Group in the fourth quarter valued at approximately $158,000. Institutional investors own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

HCSG has been the subject of a number of recent analyst reports. Macquarie upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Robert W. Baird upped 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. Wall Street Zen upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG remained flat at $14.16 during midday trading on Friday. The stock had a trading volume of 638,513 shares, compared to its average volume of 504,556. The business's 50 day simple moving average is $12.32 and its 200-day simple moving average is $11.71. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $14.90. The firm has a market cap of $1.03 billion, a PE ratio of 26.22 and a beta of 0.55.

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

Healthcare Services Group Company 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.