New York State Common Retirement Fund Cuts Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

New York State Common Retirement Fund decreased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 461,580 shares of the business services provider’s stock after selling 5,090 shares during the period. New York State Common Retirement Fund’s holdings in Healthcare Services Group were worth $4,787,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HCSG. SG Americas Securities LLC purchased a new stake in shares of Healthcare Services Group in the 3rd quarter valued at $796,000. Cambiar Investors LLC boosted its position in Healthcare Services Group by 6.2% during the 3rd quarter. Cambiar Investors LLC now owns 150,629 shares of the business services provider’s stock valued at $1,571,000 after buying an additional 8,820 shares during the period. Teacher Retirement System of Texas boosted its position in Healthcare Services Group by 25.9% during the 3rd 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 during the period. Assenagon Asset Management S.A. boosted its position 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 valued at $8,519,000 after buying an additional 380,110 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new stake in Healthcare Services Group during the 3rd quarter valued at $454,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 1.2 %

Shares of NASDAQ HCSG opened at $10.82 on Friday. Healthcare Services Group, Inc. has a 12 month low of $8.75 and a 12 month high of $15.42. The firm has a market capitalization of $796.89 million, a PE ratio of 18.98 and a beta of 0.52. The firm has a fifty day simple moving average of $12.03 and a two-hundred day simple moving average of $10.76.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $424.91 million. During the same period in the prior year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HCSG shares. Benchmark increased their price target 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. UBS Group increased their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price target on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird upped their price objective on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.50.

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.