Healthcare Services Group, Inc. (NASDAQ:HCSG) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 852.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,352 shares of the business services provider's stock after acquiring an additional 18,215 shares during the period. GAMMA Investing LLC's holdings in Healthcare Services Group were worth $2,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HCSG. SBI Securities Co. Ltd. acquired a new stake in Healthcare Services Group in the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC grew its holdings in shares of 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 worth $27,000 after purchasing an additional 2,097 shares during the last quarter. Ieq Capital LLC acquired a new position in Healthcare Services Group during the 4th quarter worth about $118,000. Bank of Montreal Can acquired a new position in Healthcare Services Group during the 4th quarter worth about $118,000. Finally, PharVision Advisers LLC acquired a new position in Healthcare Services Group during the 4th quarter worth about $147,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Down 1.1%

Shares of HCSG opened at $14.65 on Friday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 27.13 and a beta of 0.55. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $14.90. The company's fifty day simple moving average is $13.18 and its 200 day simple moving average is $11.89.

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 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 firm had revenue of $447.66 million during the quarter, compared to analysts' expectations of $443.82 million. During the same period in the previous year, the business posted $0.22 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HCSG. Macquarie upped their price target 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. UBS Group upgraded shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $12.00 to $15.00 in a research report on Thursday, April 24th. Robert W. Baird increased their target price on Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

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.

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