California State Teachers Retirement System Decreases Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

California State Teachers Retirement System cut its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,651 shares of the business services provider’s stock after selling 975 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Healthcare Services Group worth $797,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. purchased a new stake in shares of Healthcare Services Group during the 4th quarter valued at $822,000. Deutsche Bank AG increased its position in shares of Healthcare Services Group by 14.8% during the 4th quarter. Deutsche Bank AG now owns 176,825 shares of the business services provider’s stock valued at $2,055,000 after purchasing an additional 22,834 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Healthcare Services Group by 9.1% in the 4th quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider’s stock worth $9,633,000 after acquiring an additional 68,935 shares during the last quarter. Legato Capital Management LLC increased its holdings in Healthcare Services Group by 215.5% in the 4th quarter. Legato Capital Management LLC now owns 139,263 shares of the business services provider’s stock worth $1,618,000 after acquiring an additional 95,118 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Healthcare Services Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 771,772 shares of the business services provider’s stock worth $8,964,000 after acquiring an additional 59,829 shares during the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Down 0.3%

Shares of NASDAQ HCSG opened at $14.58 on Wednesday. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $14.90. The business has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $11.84. The company has a market cap of $1.06 billion, a P/E ratio of 27.00 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The business had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Macquarie lifted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. Finally, Robert W. Baird lifted their price objective on Healthcare Services Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Healthcare Services Group has an average rating of “Moderate Buy” and an average price target of $14.80.

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.