GAMMA Investing LLC Grows Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 852.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,352 shares of the business services provider's stock after buying an additional 18,215 shares during the period. GAMMA Investing LLC's holdings in Healthcare Services Group were worth $2,019,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. PharVision Advisers LLC purchased a new stake in shares of Healthcare Services Group in the fourth quarter worth $147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Healthcare Services Group by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider's stock worth $1,832,000 after purchasing an additional 5,347 shares in the last quarter. Sovereign s Capital Management LLC purchased a new stake in Healthcare Services Group during the 4th quarter valued at about $939,000. Squarepoint Ops LLC increased its stake in Healthcare Services Group by 121.6% during the 4th quarter. Squarepoint Ops LLC now owns 30,023 shares of the business services provider's stock valued at $349,000 after purchasing an additional 16,476 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Healthcare Services Group by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 22,173 shares of the business services provider's stock worth $258,000 after buying an additional 6,824 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HCSG. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Robert W. Baird increased their target price on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Macquarie boosted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $12.00 to $15.00 in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.80.

Healthcare Services Group Stock Performance

Shares of HCSG stock traded down $0.41 on Tuesday, reaching $14.50. The stock had a trading volume of 604,184 shares, compared to its average volume of 511,785. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.34. The stock has a market cap of $1.06 billion, a P/E ratio of 25.89 and a beta of 0.55. The company has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $11.92.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $447.66 million for the quarter, compared to analysts' expectations of $443.82 million. Healthcare Services Group had a net margin of 2.38% and a return on equity of 11.68%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share 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.