Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 32.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,833 shares of the business services provider’s stock after acquiring an additional 2,653 shares during the quarter. Financial Management Professionals Inc.’s holdings in Healthcare Services Group were worth $126,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,073 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after buying an additional 2,428 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Healthcare Services Group during the 3rd quarter worth $116,000. Intech Investment Management LLC purchased a new stake in shares of Healthcare Services Group in the 3rd quarter worth about $156,000. Finally, Glenmede Trust Co. NA acquired a new stake in Healthcare Services Group in the 3rd quarter valued at about $170,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

HCSG stock opened at $11.70 on Monday. The company has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $11.24. The stock has a market capitalization of $857.49 million, a P/E ratio of 16.96 and a beta of 0.56. Healthcare Services Group, Inc. has a one year low of $8.98 and a one year high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on HCSG shares. Macquarie assumed coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Robert W. Baird cut their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. StockNews.com raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Benchmark reissued a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.80.

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.