Healthcare Services Group, Inc. (NASDAQ:HCSG) Stake Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,498 shares of the business services provider’s stock after selling 32,698 shares during the period. BNP Paribas Financial Markets’ holdings in Healthcare Services Group were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCSG. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group during the fourth quarter valued at about $25,000. Sterling Capital Management LLC raised its holdings in shares of Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock worth $27,000 after buying an additional 2,097 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Healthcare Services Group in the 4th quarter valued at $118,000. Bank of Montreal Can bought a new stake in Healthcare Services Group during the fourth quarter worth about $118,000. Finally, Dark Forest Capital Management LP bought a new position in Healthcare Services Group in the 4th quarter valued at $158,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Down 0.6%

Shares of NASDAQ HCSG opened at $14.20 on Monday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 26.30 and a beta of 0.55. The stock has a 50-day moving average price of $11.96 and a two-hundred day moving average price of $11.63. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $14.90.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HCSG has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Macquarie increased their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Wall Street Zen raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Finally, UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Healthcare Services Group presently has an average rating of “Moderate Buy” and an average price target of $14.80.

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.