Corebridge Financial Inc. Has $455,000 Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Corebridge Financial Inc. decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,174 shares of the business services provider’s stock after selling 3,063 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Healthcare Services Group worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new stake in Healthcare Services Group in the fourth quarter worth $166,278,000. Vanguard Group Inc. boosted its position in shares of Healthcare Services Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider’s stock worth $96,133,000 after purchasing an additional 23,373 shares in the last quarter. Royce & Associates LP grew its stake in shares of Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after buying an additional 219,103 shares during the period. State Street Corp increased its position in Healthcare Services Group by 8.3% in the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after buying an additional 226,818 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Healthcare Services Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after buying an additional 50,375 shares during the period. Institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

HCSG has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, December 19th. Macquarie started coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group presently has an average rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Stock Performance

Healthcare Services Group stock opened at $9.64 on Wednesday. Healthcare Services Group, Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $12.99. The firm’s 50-day simple moving average is $10.60 and its 200 day simple moving average is $11.14. The stock has a market cap of $708.42 million, a PE ratio of 17.85 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. As a group, analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal 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.