Financial Management Professionals Inc. acquired a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,406 shares of the business services provider’s stock, valued at approximately $55,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 1,714 shares during the last quarter. Corton Capital Inc. bought a new position in Healthcare Services Group in the third quarter worth about $129,000. Victory Capital Management Inc. raised its stake in Healthcare Services Group by 14.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock worth $151,000 after buying an additional 1,795 shares in the last quarter. MQS Management LLC bought a new position in Healthcare Services Group in the third quarter worth about $152,000. Finally, CWM LLC raised its stake in Healthcare Services Group by 12.9% in the first quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock worth $154,000 after buying an additional 1,411 shares in the last quarter. 97.97% of the stock is owned by institutional investors.
Healthcare Services Group Price Performance
HCSG stock opened at $10.58 on Friday. Healthcare Services Group, Inc. has a 1 year low of $8.75 and a 1 year high of $15.14. The company has a market cap of $779.22 million, a P/E ratio of 18.56 and a beta of 0.51. The firm has a 50-day moving average of $10.80 and a 200 day moving average of $11.00.
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.
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