Universal Beteiligungs und Servicegesellschaft mbH Invests $1.12 Million in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 111,238 shares of the business services provider's stock, valued at approximately $1,121,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Healthcare Services Group at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Healthcare Services Group during the fourth quarter worth $5,909,000. Franklin Resources Inc. grew its position in Healthcare Services Group by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock worth $9,229,000 after acquiring an additional 234,025 shares during the last quarter. Dean Investment Associates LLC acquired a new position in Healthcare Services Group in the 4th quarter worth about $2,607,000. Dimensional Fund Advisors LP raised its position in Healthcare Services Group by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock valued at $29,313,000 after purchasing an additional 208,810 shares during the last quarter. Finally, Invenomic Capital Management LP raised its position in Healthcare Services Group by 67.9% in the fourth quarter. Invenomic Capital Management LP now owns 483,511 shares of the business services provider's stock valued at $5,616,000 after purchasing an additional 195,516 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on HCSG. Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $15.00 to $16.00 in a research report on Tuesday. Benchmark increased their price objective on Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.25.

Insiders Place Their Bets

In related news, EVP John Christopher Shea sold 21,368 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the transaction, the executive vice president directly owned 32,976 shares of the company's stock, valued at approximately $436,932. This trade represents a 39.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.60% of the company's stock.

Healthcare Services Group Price Performance

HCSG opened at $13.07 on Friday. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.73. The company has a market capitalization of $946.40 million, a price-to-earnings ratio of 93.36 and a beta of 0.54. The firm's fifty day moving average price is $14.15 and its two-hundred day moving average price is $12.40.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $458.50 million for the quarter, compared to analysts' expectations of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

About Healthcare Services Group

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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