Texas Permanent School Fund Corp Decreases Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Texas Permanent School Fund Corp decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,799 shares of the business services provider’s stock after selling 5,201 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of Healthcare Services Group worth $612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCSG. Vanguard Group Inc. grew its position in shares of Healthcare Services Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock worth $89,488,000 after buying an additional 167,779 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Healthcare Services Group by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock worth $16,592,000 after acquiring an additional 111,625 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Healthcare Services Group by 1.6% in the 1st quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock worth $16,379,000 after purchasing an additional 20,392 shares during the last quarter. Azarias Capital Management L.P. raised its stake in shares of Healthcare Services Group by 50.7% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Healthcare Services Group by 2,692.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock valued at $13,178,000 after purchasing an additional 944,658 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HCSG. Royal Bank of Canada decreased their price target on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird upped their target price on Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, July 25th. 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 currently has a consensus rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG opened at $11.35 on Friday. Healthcare Services Group, Inc. has a 1 year low of $8.75 and a 1 year high of $13.00. The firm has a market cap of $835.88 million, a P/E ratio of 19.91 and a beta of 0.53. The stock has a fifty day moving average price of $10.99 and a two-hundred day moving average price of $11.19.

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

Healthcare Services Group 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.