Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,218 shares of the business services provider’s stock after buying an additional 1,276 shares during the quarter. Tidal Investments LLC owned 0.11% of Healthcare Services Group worth $874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HCSG. Headlands Technologies LLC lifted its stake in Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock valued at $33,000 after buying an additional 955 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Healthcare Services Group by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock worth $300,000 after acquiring an additional 1,311 shares during the last quarter. ClariVest Asset Management LLC lifted its position in shares of Healthcare Services Group by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 152,278 shares of the business services provider’s stock valued at $1,611,000 after acquiring an additional 1,740 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Healthcare Services Group by 804.0% during the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 2,428 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Healthcare Services Group by 15.8% during the 3rd quarter. National Bank of Canada FI now owns 20,877 shares of the business services provider’s stock worth $233,000 after purchasing an additional 2,853 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

NASDAQ HCSG opened at $11.30 on Friday. The company has a market cap of $828.19 million, a P/E ratio of 16.38 and a beta of 0.55. Healthcare Services Group, Inc. has a 12 month low of $8.98 and a 12 month high of $13.00. The company has a 50-day moving average of $11.65 and a 200-day moving average of $11.07.

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

Wall Street Analysts Forecast Growth

HCSG has been the topic of a number of recent research reports. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Robert W. Baird cut their price objective on shares of 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. Benchmark restated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday. Finally, Macquarie initiated coverage on Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and an average target price of $13.80.

Healthcare Services Group Company 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.