Sei Investments Co. Has $730,000 Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Sei Investments Co. increased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 120.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,975 shares of the business services provider’s stock after acquiring an additional 37,633 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Healthcare Services Group worth $730,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Healthcare Services Group during the 1st quarter worth about $27,000. Financial Management Professionals Inc. acquired a new stake in Healthcare Services Group in the first quarter valued at approximately $55,000. PNC Financial Services Group Inc. increased its holdings 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 in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Healthcare Services Group during the second quarter worth approximately $124,000. Finally, CWM LLC raised its position in shares of Healthcare Services Group by 12.9% during the first quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,411 shares during the period. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HCSG. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lowered their target price on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Trading Up 1.5 %

Shares of NASDAQ:HCSG opened at $10.03 on Wednesday. The stock has a market cap of $738.67 million, a PE ratio of 17.60 and a beta of 0.52. The stock’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $11.03. Healthcare Services Group, Inc. has a 1-year low of $8.75 and a 1-year high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The business had revenue of $426.30 million during the quarter, compared to the consensus estimate of $424.94 million. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.78 earnings per share for the current fiscal year.

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.