Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,044 shares of the business services provider’s stock after selling 1,867 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Healthcare Services Group were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCSG. Everence Capital Management Inc. raised its holdings in Healthcare Services Group by 100.9% in the 4th quarter. Everence Capital Management Inc. now owns 24,290 shares of the business services provider’s stock valued at $252,000 after buying an additional 12,200 shares during the period. Mackenzie Financial Corp raised its stake in shares of Healthcare Services Group by 0.3% in the 4th quarter. Mackenzie Financial Corp now owns 4,120,921 shares of the business services provider’s stock valued at $42,734,000 after acquiring an additional 12,050 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Healthcare Services Group in the 4th quarter worth approximately $383,000. Allspring Global Investments Holdings LLC boosted its position in shares of Healthcare Services Group by 38.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 58,172 shares of the business services provider’s stock worth $603,000 after purchasing an additional 16,140 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Healthcare Services Group in the 4th quarter valued at approximately $921,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Analyst Ratings Changes

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

Healthcare Services Group Stock Performance

Shares of HCSG stock opened at $11.20 on Friday. Healthcare Services Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.42. The firm has a market cap of $824.88 million, a price-to-earnings ratio of 19.65 and a beta of 0.52. The stock’s 50-day moving average is $11.90 and its two-hundred day moving average is $10.78.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts predict that Healthcare Services Group, Inc. will post 0.8 EPS 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.