PDT Partners LLC Purchases 34,323 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

PDT Partners LLC raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 80.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,992 shares of the business services provider's stock after purchasing an additional 34,323 shares during the period. PDT Partners LLC owned 0.11% of Healthcare Services Group worth $894,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HCSG. Wealthfront Advisers LLC bought a new stake in shares of Healthcare Services Group during the 4th quarter valued at $166,278,000. Raymond James Financial Inc. purchased a new position in shares of Healthcare Services Group in the fourth quarter worth $5,909,000. First Eagle Investment Management LLC bought a new position in Healthcare Services Group during the 4th quarter valued at about $3,031,000. Franklin Resources Inc. grew its position in Healthcare Services Group by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock worth $9,229,000 after purchasing an additional 234,025 shares during the period. Finally, Dean Investment Associates LLC purchased a new stake in Healthcare Services Group during the fourth quarter valued at $2,607,000. Institutional investors own 97.97% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Macquarie lifted 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, April 28th. Finally, Robert W. Baird increased 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Healthcare Services Group Stock Down 0.4 %

NASDAQ HCSG traded down $0.06 during trading hours on Tuesday, hitting $14.52. 180,577 shares of the company were exchanged, compared to its average volume of 493,669. The stock has a 50-day moving average price of $10.90 and a 200 day moving average price of $11.29. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $14.88. The stock has a market cap of $1.06 billion, a PE ratio of 26.97 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $443.82 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share 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.