Russell Investments Group Ltd. lessened its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 873,250 shares of the business services provider’s stock after selling 17,052 shares during the period. Russell Investments Group Ltd. owned 1.18% of Healthcare Services Group worth $10,479,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in HCSG. BlackRock Inc. increased its stake in shares of Healthcare Services Group by 0.5% during the first quarter. BlackRock Inc. now owns 11,772,443 shares of the business services provider’s stock valued at $218,614,000 after acquiring an additional 61,478 shares during the period. State Street Corp grew its position in Healthcare Services Group by 7.0% in the second quarter. State Street Corp now owns 4,350,572 shares of the business services provider’s stock worth $75,743,000 after buying an additional 285,326 shares during the last quarter. Invesco Ltd. grew its position in Healthcare Services Group by 604.0% in the first quarter. Invesco Ltd. now owns 2,278,042 shares of the business services provider’s stock worth $42,303,000 after buying an additional 1,954,436 shares during the last quarter. Marathon Asset Management Ltd grew its position in Healthcare Services Group by 15.7% in the fourth quarter. Marathon Asset Management Ltd now owns 1,807,453 shares of the business services provider’s stock worth $21,689,000 after buying an additional 245,122 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Healthcare Services Group by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 1,404,812 shares of the business services provider’s stock worth $16,985,000 after buying an additional 40,839 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on HCSG shares. Jefferies Financial Group upgraded shares of Healthcare Services Group from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $8.50 to $14.00 in a research report on Friday, March 24th. Royal Bank of Canada upgraded shares of Healthcare Services Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $14.00 to $17.00 in a research report on Thursday, February 16th. Credit Suisse Group lifted their price objective on shares of Healthcare Services Group from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Healthcare Services Group in a research report on Tuesday, February 21st. Finally, StockNews.com started coverage on shares of Healthcare Services Group in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Healthcare Services Group has an average rating of “Hold” and an average target price of $15.60.
Healthcare Services Group Stock Down 1.0 %
Healthcare Services Group (NASDAQ:HCSG – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Healthcare Services Group had a net margin of 2.14% and a return on equity of 8.34%. The business had revenue of $417.23 million for the quarter, compared to analyst estimates of $423.51 million. During the same period in the prior year, the business posted $0.15 earnings per share. Healthcare Services Group’s revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Healthcare Services Group, Inc. will post 0.69 earnings per share for the current year.
Healthcare Services Group Company Profile
Healthcare Services Group, Inc engages in the provision of keeping, laundry, and dietary services to long-term care and related health care facilities. It operates through the following business segments: Housekeeping and Dietary. The Housekeeping segment consists of the management of the client’s housekeeping department, which is responsible for the cleaning, disinfecting, and sanitizing of patient rooms and common areas of a client facility, as well as the laundering and processing of the personal clothing belonging to the facility’s patients.
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