Healthcare Services Group, Inc. $HCSG Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 183.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,278,993 shares of the business services provider’s stock after buying an additional 827,057 shares during the quarter. American Century Companies Inc. owned about 1.77% of Healthcare Services Group worth $19,223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Healthcare Services Group by 45.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,592 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 4,548 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Healthcare Services Group during the 1st quarter valued at $591,000. US Bancorp DE lifted its stake in shares of Healthcare Services Group by 161.4% in the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Healthcare Services Group by 8.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 965,843 shares of the business services provider’s stock worth $9,736,000 after purchasing an additional 74,476 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Healthcare Services Group by 13.3% during the first quarter. National Bank of Canada FI now owns 28,900 shares of the business services provider’s stock worth $291,000 after buying an additional 3,386 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Monday, November 24th. Macquarie restated a “buy” rating on shares of Healthcare Services Group in a report on Wednesday, November 26th. Wall Street Zen downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.40.

Healthcare Services Group Stock Performance

Shares of HCSG stock opened at $18.84 on Wednesday. The firm has a fifty day moving average of $17.38 and a 200-day moving average of $15.62. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 34.89 and a beta of 0.73. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $20.00.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. Healthcare Services Group had a net margin of 2.20% and a return on equity of 12.23%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. On average, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.