New York State Teachers Retirement System Buys 6,418 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

New York State Teachers Retirement System lifted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,203 shares of the business services provider’s stock after purchasing an additional 6,418 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of Healthcare Services Group worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCSG. Headlands Technologies LLC bought a new position in Healthcare Services Group in the 1st quarter valued at about $27,000. Financial Management Professionals Inc. lifted its position in Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 3,774 shares in the last quarter. Bleakley Financial Group LLC bought a new position in Healthcare Services Group in the 3rd quarter valued at about $116,000. Hennion & Walsh Asset Management Inc. bought a new position in Healthcare Services Group in the 2nd quarter valued at about $124,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Healthcare Services Group by 131.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 14,718 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 8,359 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Up 1.0 %

Shares of HCSG stock opened at $11.87 on Friday. The company has a 50 day moving average of $10.82 and a 200-day moving average of $10.84. Healthcare Services Group, Inc. has a 12-month low of $8.98 and a 12-month high of $13.00. The firm has a market cap of $869.95 million, a P/E ratio of 17.20 and a beta of 0.52.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on HCSG shares. Royal Bank of Canada dropped 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 research report on Thursday, July 25th. Robert W. Baird dropped their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Healthcare Services Group presently has an average rating of “Hold” and an average price target of $14.00.

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.