Hillsdale Investment Management Inc. acquired a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 301,700 shares of the business services provider’s stock, valued at approximately $3,765,000.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Healthcare Services Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after buying an additional 167,779 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Healthcare Services Group by 0.3% during the fourth quarter. Mackenzie Financial Corp now owns 4,120,921 shares of the business services provider’s stock valued at $42,734,000 after buying an additional 12,050 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Healthcare Services Group by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock valued at $16,592,000 after buying an additional 111,625 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Healthcare Services Group by 91.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,561,283 shares of the business services provider’s stock valued at $16,191,000 after buying an additional 744,527 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its stake in Healthcare Services Group by 1.6% during the first quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock valued at $16,379,000 after buying an additional 20,392 shares in the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.
Healthcare Services Group Trading Up 1.9 %
HCSG stock traded up $0.22 during mid-day trading on Monday, reaching $11.71. 425,232 shares of the stock traded hands, compared to its average volume of 548,510. The stock’s fifty day moving average is $10.82 and its 200-day moving average is $11.11. The company has a market cap of $862.44 million, a P/E ratio of 20.54 and a beta of 0.53. Healthcare Services Group, Inc. has a 52-week low of $8.75 and a 52-week high of $14.81.
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.
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