International Assets Investment Management LLC Invests $921,000 in Healthcare Services Group, Inc. (NASDAQ:HCSG)

International Assets Investment Management LLC bought a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,555 shares of the business services provider’s stock, valued at approximately $921,000.

Several other hedge funds have also recently added to or reduced their stakes in HCSG. Hsbc Holdings PLC boosted its stake in shares of Healthcare Services Group by 24.1% during the 3rd quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock worth $639,000 after acquiring an additional 11,797 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Healthcare Services Group in the 3rd quarter valued at $1,151,000. AQR Capital Management LLC increased its stake in Healthcare Services Group by 269.6% in the 3rd quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock worth $4,350,000 after purchasing an additional 304,258 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Healthcare Services Group by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 816,756 shares of the business services provider’s stock worth $8,519,000 after buying an additional 380,110 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Healthcare Services Group by 25.9% during the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock valued at $272,000 after buying an additional 5,358 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 1.0 %

HCSG opened at $11.95 on Wednesday. Healthcare Services Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.97. The stock has a fifty day moving average price of $12.19 and a 200 day moving average price of $10.71. The stock has a market cap of $880.00 million, a price-to-earnings ratio of 22.55 and a beta of 0.49.

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

Analyst Upgrades and Downgrades

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