Voloridge Investment Management LLC decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,793 shares of the business services provider's stock after selling 47,306 shares during the period. Voloridge Investment Management LLC's holdings in Healthcare Services Group were worth $207,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sovereign s Capital Management LLC acquired a new position in shares of Healthcare Services Group in the 4th quarter worth approximately $939,000. Squarepoint Ops LLC increased its position in shares of Healthcare Services Group by 121.6% in the fourth quarter. Squarepoint Ops LLC now owns 30,023 shares of the business services provider's stock worth $349,000 after acquiring an additional 16,476 shares in the last quarter. ProShare Advisors LLC grew its position in Healthcare Services Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 22,173 shares of the business services provider's stock valued at $258,000 after purchasing an additional 6,824 shares in the last quarter. Nuveen Asset Management LLC grew its position in Healthcare Services Group by 9.1% during the fourth quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider's stock valued at $9,633,000 after purchasing an additional 68,935 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Healthcare Services Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,461 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.
Healthcare Services Group Stock Performance
NASDAQ HCSG traded down $0.11 during trading hours on Monday, reaching $13.99. 546,416 shares of the company's stock were exchanged, compared to its average volume of 499,066. The company's 50-day moving average is $12.32 and its two-hundred day moving average is $11.70. Healthcare Services Group, Inc. has a one year low of $9.13 and a one year high of $14.90. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 25.91 and a beta of 0.55.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The business had revenue of $447.66 million during the quarter, compared to analysts' expectations of $443.82 million. During the same period in the prior year, the business earned $0.22 EPS. Healthcare Services Group's revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Robert W. Baird upped their price target on shares of 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 target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.80.
Read Our Latest Analysis on Healthcare Services Group
Healthcare Services Group Company Profile
(
Free Report)
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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