Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 81.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,377 shares of the business services provider’s stock after selling 61,906 shares during the period. SG Americas Securities LLC’s holdings in Healthcare Services Group were worth $149,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings 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 during the last quarter. Advisor Group Holdings Inc. raised its holdings 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 period. Lazard Asset Management LLC raised its holdings in shares of Healthcare Services Group by 11.8% during the third quarter. Lazard Asset Management LLC now owns 11,016 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 1,163 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Healthcare Services Group by 5.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 25,538 shares of the business services provider’s stock worth $381,000 after purchasing an additional 1,300 shares during the period. Finally, Guggenheim Capital LLC grew its position in Healthcare Services Group by 10.4% during the 1st 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 in the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

Shares of HCSG stock opened at $11.60 on Wednesday. The stock’s 50 day simple moving average is $12.01 and its 200 day simple moving average is $10.67. Healthcare Services Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.97. The company has a market capitalization of $853.53 million, a price-to-earnings ratio of 21.89 and a beta of 0.49.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $423.80 million for the quarter, compared to analyst estimates of $424.57 million. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was up .0% on a year-over-year basis. On average, analysts forecast that Healthcare Services Group, Inc. will post 0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HCSG. Robert W. Baird increased their target price on Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price objective 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. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Benchmark boosted their price objective on shares of Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, UBS Group lifted their target price on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group currently has a consensus rating of “Hold” and an average price target of $14.50.

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.