Healthcare Services Group, Inc. $HCSG Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 35.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 336,483 shares of the business services provider’s stock after buying an additional 87,847 shares during the period. Public Sector Pension Investment Board owned about 0.48% of Healthcare Services Group worth $5,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Healthcare Services Group by 163.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,356 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Healthcare Services Group by 94.9% during the third quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 1,384 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Healthcare Services Group during the third quarter worth $108,000. Tower Research Capital LLC TRC lifted its stake in shares of Healthcare Services Group by 600.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,259 shares of the business services provider’s stock worth $154,000 after buying an additional 8,795 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Healthcare Services Group in the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Down 3.1%

NASDAQ:HCSG opened at $20.29 on Thursday. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $22.98. The stock’s fifty day moving average is $19.41 and its two-hundred day moving average is $17.63. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.74 and a beta of 0.74.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.21. The firm had revenue of $466.68 million for the quarter, compared to analyst estimates of $467.24 million. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.Healthcare Services Group’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. On average, sell-side analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on HCSG shares. Benchmark reaffirmed a “buy” rating on shares of Healthcare Services Group in a report on Thursday, February 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.00 target price on shares of Healthcare Services Group in a research note on Thursday, February 12th. Robert W. Baird set a $23.00 price target on shares of Healthcare Services Group in a research report on Thursday, February 12th. Wall Street Zen raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Macquarie Infrastructure reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Healthcare Services Group currently has an average rating of “Hold” and a consensus price target of $22.00.

Healthcare Services Group Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.