Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 100.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,290 shares of the business services provider’s stock after buying an additional 12,200 shares during the quarter. Everence Capital Management Inc.’s holdings in Healthcare Services Group were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Healthcare Services Group by 24.1% in the third quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock worth $639,000 after buying an additional 11,797 shares during the last quarter. Jump Financial LLC acquired a new position in Healthcare Services Group in the third quarter worth approximately $1,151,000. AQR Capital Management LLC grew its position in Healthcare Services Group by 269.6% in the third quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock worth $4,350,000 after buying an additional 304,258 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Healthcare Services Group by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 816,756 shares of the business services provider’s stock worth $8,519,000 after buying an additional 380,110 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Healthcare Services Group by 25.9% in the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock worth $272,000 after buying an additional 5,358 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Ratings Changes

HCSG has been the topic of several recent research reports. Benchmark lifted their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. UBS Group lifted their price objective on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group has a consensus rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Stock Up 1.0 %

Shares of NASDAQ:HCSG opened at $11.70 on Friday. The firm has a fifty day moving average of $12.10 and a two-hundred day moving average of $10.68. The firm has a market capitalization of $861.59 million, a P/E ratio of 22.08 and a beta of 0.49. Healthcare Services Group, Inc. has a 12-month low of $8.75 and a 12-month high of $15.97.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $423.80 million during the quarter, compared to analyst estimates of $424.57 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Equities research analysts expect that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current fiscal 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.