Susquehanna Fundamental Investments LLC Takes Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 162,825 shares of the business services provider's stock, valued at approximately $1,891,000. Susquehanna Fundamental Investments LLC owned 0.22% of Healthcare Services Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HCSG. GAMMA Investing LLC grew its holdings in shares of Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock valued at $25,000 after buying an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Healthcare Services Group in the 4th quarter valued at about $25,000. Sterling Capital Management LLC boosted its holdings in shares of Healthcare Services Group by 803.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock worth $27,000 after purchasing an additional 2,097 shares during the period. Ieq Capital LLC acquired a new position in shares of Healthcare Services Group in the fourth quarter worth $118,000. Finally, Bank of Montreal Can acquired a new position in Healthcare Services Group in the 4th quarter worth about $118,000. Institutional investors own 97.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HCSG. 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. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Robert W. Baird upped their target price on 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, StockNews.com upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.80.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock traded up $0.08 during trading hours on Tuesday, hitting $14.65. The company's stock had a trading volume of 84,584 shares, compared to its average volume of 493,423. The stock has a 50 day moving average of $10.90 and a 200 day moving average of $11.29. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $14.88. The company has a market capitalization of $1.07 billion, a PE ratio of 27.10 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. Equities analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS 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.