Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 771,772 shares of the business services provider's stock after acquiring an additional 59,829 shares during the period. Northern Trust Corp owned 1.05% of Healthcare Services Group worth $8,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC acquired a new stake in shares of Healthcare Services Group during the fourth quarter valued at $166,278,000. Vanguard Group Inc. lifted its holdings in Healthcare Services Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock valued at $96,133,000 after purchasing an additional 23,373 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Healthcare Services Group by 4.9% during the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider's stock worth $54,226,000 after purchasing an additional 219,103 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Healthcare Services Group by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock worth $29,313,000 after buying an additional 208,810 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Healthcare Services Group by 21.9% during the fourth quarter. Foundry Partners LLC now owns 984,033 shares of the business services provider's stock worth $11,430,000 after buying an additional 177,002 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. UBS Group upgraded 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 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 stock a "neutral" rating in a research report on Thursday, April 24th. Finally, Macquarie upped their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Healthcare Services Group Stock Down 0.6%

HCSG stock traded down $0.08 during midday trading on Friday, reaching $14.20. The company had a trading volume of 560,413 shares, compared to its average volume of 503,481. The firm has a market capitalization of $1.04 billion, a PE ratio of 26.30 and a beta of 0.55. The stock has a 50 day moving average price of $11.96 and a 200 day moving average price of $11.63. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $14.90.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $447.66 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current 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.