Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 22.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,152 shares of the business services provider’s stock after purchasing an additional 3,511 shares during the period. Cwm LLC’s holdings in Healthcare Services Group were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCSG. Vanguard Group Inc. lifted its position in Healthcare Services Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after acquiring an additional 167,779 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Healthcare Services Group by 38.3% in 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 last quarter. Los Angeles Capital Management LLC purchased a new stake in Healthcare Services Group in the first quarter valued at $344,000. Financial Management Professionals Inc. purchased a new stake in Healthcare Services Group in the first quarter valued at $55,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Healthcare Services Group by 2,692.1% in the first 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 acquiring an additional 944,658 shares during the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $10.29 on Wednesday. The company has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $10.89. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $13.00. The stock has a market capitalization of $757.82 million, a price-to-earnings ratio of 18.05 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $424.94 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, research analysts forecast that Healthcare Services Group, Inc. will post 0.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HCSG shares. 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 upped their target price on shares of Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their target price 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and an average target price of $14.50.

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.