Healthcare Services Group, Inc. (NASDAQ:HCSG) Position Boosted by Cwm LLC

Cwm LLC raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,357 shares of the business services provider’s stock after acquiring an additional 1,411 shares during the period. Cwm LLC’s holdings in Healthcare Services Group were worth $154,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased 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 period. International Assets Investment Management LLC acquired a new position in shares of Healthcare Services Group during the 4th quarter valued at $921,000. Corton Capital Inc. bought a new stake in shares of Healthcare Services Group in the 3rd quarter worth $129,000. MQS Management LLC acquired a new stake in shares of Healthcare Services Group in the third quarter valued at $152,000. Finally, Victory Capital Management Inc. boosted its stake in Healthcare Services Group by 14.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock valued at $151,000 after buying an additional 1,795 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 0.9 %

Shares of Healthcare Services Group stock opened at $10.17 on Monday. Healthcare Services Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.14. The stock has a market cap of $748.98 million, a PE ratio of 17.84 and a beta of 0.51. The company’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.99.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. On average, equities analysts predict that Healthcare Services Group, Inc. will post 0.8 EPS 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.