National Bank of Canada FI Purchases 113,514 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

National Bank of Canada FI boosted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 537.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,625 shares of the business services provider's stock after buying an additional 113,514 shares during the quarter. National Bank of Canada FI owned approximately 0.18% of Healthcare Services Group worth $1,432,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Corton Capital Inc. purchased a new position in Healthcare Services Group in the 3rd quarter valued at approximately $129,000. Victory Capital Management Inc. raised its stake in shares of Healthcare Services Group by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider's stock valued at $151,000 after purchasing an additional 1,795 shares during the period. MQS Management LLC purchased a new stake in Healthcare Services Group during the 3rd quarter worth about $152,000. Teza Capital Management LLC bought a new position in Healthcare Services Group in the 3rd quarter worth about $241,000. Finally, Everence Capital Management Inc. grew its holdings in Healthcare Services Group by 100.9% during the 4th quarter. Everence Capital Management Inc. now owns 24,290 shares of the business services provider's stock valued at $252,000 after buying an additional 12,200 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Wall Street Analysts Forecast Growth

HCSG has been the topic of several recent analyst reports. StockNews.com upgraded shares of Healthcare Services Group from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Royal Bank of Canada boosted their target price on Healthcare Services Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Robert W. Baird raised their price target on Healthcare Services Group from $10.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. UBS Group boosted their price objective on Healthcare Services Group from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Benchmark raised their target price on shares of Healthcare Services Group from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Healthcare Services Group presently has an average rating of "Hold" and an average target price of $14.50.

Healthcare Services Group Trading Up 1.0 %

Shares of HCSG traded up $0.11 during midday trading on Wednesday, reaching $11.54. The stock had a trading volume of 579,308 shares, compared to its average volume of 534,521. The company has a market capitalization of $849.92 million, a price-to-earnings ratio of 20.25 and a beta of 0.52. Healthcare Services Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.14. The company's 50-day moving average is $11.78 and its 200 day moving average is $10.83.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. During the same period last year, the firm posted $0.17 earnings per share. The business's revenue was up 1.5% compared to the same quarter last year. Research analysts forecast that Healthcare Services Group, Inc. will post 0.8 EPS for the current fiscal 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.