Invesco Ltd. Increases Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Invesco Ltd. boosted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 674,622 shares of the business services provider's stock after acquiring an additional 33,536 shares during the period. Invesco Ltd. owned 0.92% of Healthcare Services Group worth $7,836,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HCSG. JPMorgan Chase & Co. grew its holdings in shares of Healthcare Services Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider's stock worth $8,642,000 after acquiring an additional 76,456 shares during the period. Geode Capital Management LLC grew its position in shares of Healthcare Services Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider's stock worth $19,674,000 after buying an additional 50,375 shares during the period. Global Alpha Capital Management Ltd. bought a new position in shares of Healthcare Services Group in the 4th quarter worth about $822,000. Franklin Resources Inc. boosted its stake in Healthcare Services Group by 39.9% during the third quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider's stock worth $5,858,000 after acquiring an additional 159,878 shares in the last quarter. Finally, Barclays PLC grew its holdings in Healthcare Services Group by 169.3% in the third quarter. Barclays PLC now owns 145,926 shares of the business services provider's stock worth $1,631,000 after purchasing an additional 91,733 shares during the period. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Up 1.3 %

NASDAQ:HCSG traded up $0.18 on Wednesday, hitting $14.21. The stock had a trading volume of 933,673 shares, compared to its average volume of 490,500. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $14.30. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 26.32 and a beta of 0.62. The business's 50-day simple moving average is $10.65 and its two-hundred day simple moving average is $11.20.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.30% and a return on equity of 11.76%. The company had revenue of $447.66 million for the quarter, compared to the consensus estimate of $443.82 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com raised Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. 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 note on Monday. UBS Group upgraded shares of 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 note on Thursday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

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.