Texas Permanent School Fund Corp trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) by 1.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 65,327 shares of the business services provider’s stock after selling 1,115 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Healthcare Services Group worth $975,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Healthcare Services Group by 4.5% during the first quarter. PNC Financial Services Group Inc. now owns 16,774 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 725 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Healthcare Services Group by 7.7% during the first quarter. Advisor Group Holdings Inc. now owns 10,992 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 782 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Healthcare Services Group by 10.4% during the first quarter. Guggenheim Capital LLC now owns 14,133 shares of the business services provider’s stock worth $263,000 after purchasing an additional 1,328 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Healthcare Services Group by 14.4% in the third quarter. Public Employees Retirement System of Ohio now owns 11,127 shares of the business services provider’s stock worth $135,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Healthcare Services Group by 3.3% in the first quarter. Sei Investments Co. now owns 47,157 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 1,507 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.
Analyst Ratings Changes
HCSG has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Healthcare Services Group from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Benchmark cut their price target on shares of Healthcare Services Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, StockNews.com downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.
Healthcare Services Group Stock Performance
HCSG stock opened at $10.07 on Monday. The stock’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $12.43. The company has a market cap of $743.66 million, a P/E ratio of 22.89 and a beta of 0.46. Healthcare Services Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.97.
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $423.64 million. Healthcare Services Group had a return on equity of 11.36% and a net margin of 1.91%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that Healthcare Services Group, Inc. will post 0.5 earnings per share for the current year.
Healthcare Services Group Company 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.
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