American Century Companies Inc. Has $29.73 Million Stock Position in Healthcare Services Group, Inc. $HCSG

American Century Companies Inc. boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 38.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,766,601 shares of the business services provider’s stock after purchasing an additional 487,608 shares during the period. American Century Companies Inc. owned 2.51% of Healthcare Services Group worth $29,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCSG. Arrowstreet Capital Limited Partnership boosted its holdings in Healthcare Services Group by 240.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,496,835 shares of the business services provider’s stock worth $22,497,000 after purchasing an additional 1,056,705 shares in the last quarter. CSM Advisors LLC acquired a new position in Healthcare Services Group during the second quarter worth $8,864,000. Qube Research & Technologies Ltd raised its holdings in Healthcare Services Group by 1,116.3% during the second quarter. Qube Research & Technologies Ltd now owns 448,806 shares of the business services provider’s stock valued at $6,746,000 after buying an additional 411,908 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Healthcare Services Group in the second quarter worth about $5,435,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Healthcare Services Group in the second quarter worth about $4,653,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Healthcare Services Group in a report on Monday, December 29th. Royal Bank Of Canada began coverage on Healthcare Services Group in a research report on Tuesday, March 3rd. They set a “sector perform” rating and a $22.00 target price for the company. BMO Capital Markets reiterated a “market perform” rating and set a $22.00 price target on shares of Healthcare Services Group in a report on Thursday, February 12th. Finally, Robert W. Baird set a $23.00 price target on shares of Healthcare Services Group in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.00.

Insiders Place Their Bets

In other Healthcare Services Group news, EVP Patrick J. Orr sold 45,500 shares of Healthcare Services Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $20.54, for a total value of $934,570.00. Following the transaction, the executive vice president directly owned 44,615 shares of the company’s stock, valued at $916,392.10. The trade was a 50.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Andrew M. Brophy sold 2,490 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $21.75, for a total value of $54,157.50. Following the transaction, the chief accounting officer owned 15,735 shares of the company’s stock, valued at approximately $342,236.25. This trade represents a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,962 shares of company stock valued at $3,014,100 in the last three months. Company insiders own 2.60% of the company’s stock.

Healthcare Services Group Price Performance

HCSG stock opened at $20.65 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 25.18 and a beta of 0.73. The company has a 50-day moving average of $19.84 and a two-hundred day moving average of $18.18. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $22.98.

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

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.