Mackenzie Financial Corp Cuts Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Mackenzie Financial Corp lowered its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,094,897 shares of the business services provider's stock after selling 38,175 shares during the period. Mackenzie Financial Corp owned approximately 5.57% of Healthcare Services Group worth $47,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Healthcare Services Group Stock Down 0.1%

HCSG stock traded down $0.01 during trading on Friday, hitting $14.15. 146,916 shares of the company's stock traded hands, compared to its average volume of 502,323. The firm has a market capitalization of $1.03 billion, a P/E ratio of 26.19 and a beta of 0.55. The business has a fifty day simple moving average of $12.25 and a two-hundred day simple moving average of $11.69. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $14.90.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Robert W. Baird lifted their target price on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, Macquarie increased 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.