American Century Companies Inc. Grows Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Posted by Defense World Staff on Sep 1st, 2023

American Century Companies Inc. boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) by 4,959.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,317,220 shares of the business services provider’s stock after buying an additional 1,291,183 shares during the quarter. American Century Companies Inc. owned 1.78% of Healthcare Services Group worth $18,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HCSG. Belpointe Asset Management LLC bought a new stake in shares of Healthcare Services Group in the 4th quarter worth about $34,000. Point72 Middle East FZE bought a new position in shares of Healthcare Services Group during the fourth quarter valued at approximately $63,000. State of Wyoming grew its stake in shares of Healthcare Services Group by 33.4% during the fourth quarter. State of Wyoming now owns 6,436 shares of the business services provider’s stock valued at $77,000 after buying an additional 1,611 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Healthcare Services Group by 64.6% in the first quarter. Captrust Financial Advisors now owns 4,582 shares of the business services provider’s stock worth $85,000 after buying an additional 1,799 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Healthcare Services Group by 138.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 4,338 shares during the period. Institutional investors own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

HCSG has been the topic of a number of recent analyst reports. StockNews.com started coverage on Healthcare Services Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Healthcare Services Group in a research note on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $16.00 price objective on shares of Healthcare Services Group in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.50.

View Our Latest Stock Analysis on HCSG

Healthcare Services Group Trading Down 0.5 %

Shares of HCSG stock opened at $11.55 on Friday. Healthcare Services Group, Inc. has a twelve month low of $11.48 and a twelve month high of $15.97. The stock has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $13.78. The stock has a market capitalization of $856.95 million, a price-to-earnings ratio of 22.65 and a beta of 0.41.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The business had revenue of $418.93 million during the quarter, compared to analysts’ expectations of $418.71 million. Healthcare Services Group had a return on equity of 8.68% and a net margin of 2.26%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. Research analysts predict that Healthcare Services Group, Inc. will post 0.63 EPS for the current fiscal year.

Healthcare Services Group Company Profile

(Free Report)

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.