XTX Topco Ltd Makes New Investment in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Key Points

• XTX Topco Ltd made a new investment in Healthcare Services Group, acquiring 58,618 shares worth approximately $591,000, representing about 0.08% of the company.
• Several large investors increased their stakes in Healthcare Services Group, with some making substantial boosts, such as a 803.4% increase by Sterling Capital Management.
• Analysts have upgraded the stock's rating, with UBS Group moving it from "neutral" to a "buy" and increasing the price target from $12.00 to $15.00.

XTX Topco Ltd acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,618 shares of the business services provider's stock, valued at approximately $591,000. XTX Topco Ltd owned 0.08% of Healthcare Services Group at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Trail Ridge Investment Advisors LLC raised its position in shares of Healthcare Services Group by 4.7% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,048 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Healthcare Services Group by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock worth $744,000 after purchasing an additional 1,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Healthcare Services Group by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock worth $486,000 after buying an additional 1,461 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Healthcare Services Group by 1.8% in the 1st quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock valued at $1,038,000 after buying an additional 1,850 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after buying an additional 2,097 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

HCSG has been the topic of several research analyst reports. Wall Street Zen lowered shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Benchmark raised their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Finally, Robert W. Baird increased their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Healthcare Services Group currently has an average rating of "Moderate Buy" and an average price target of $16.25.

Insider Buying and Selling

In other news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the sale, the executive vice president owned 32,976 shares of the company's stock, valued at $436,932. The trade was a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

Healthcare Services Group Trading Up 4.8%

Shares of NASDAQ HCSG traded up $0.66 during midday trading on Friday, reaching $14.39. 885,706 shares of the company were exchanged, compared to its average volume of 1,015,868. The stock has a market cap of $1.04 billion, a P/E ratio of 102.79 and a beta of 0.54. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.73. The stock has a fifty day simple moving average of $14.13 and a 200 day simple moving average of $12.48.

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