First Eagle Investment Management LLC Makes New $3.03 Million Investment in Healthcare Services Group, Inc. (NASDAQ:HCSG)

First Eagle Investment Management LLC acquired a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 260,948 shares of the business services provider's stock, valued at approximately $3,031,000. First Eagle Investment Management LLC owned about 0.36% of Healthcare Services Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HCSG. GAMMA Investing LLC grew its position in shares of Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after buying an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Healthcare Services Group during the 4th quarter worth approximately $25,000. Ieq Capital LLC purchased a new stake in Healthcare Services Group during the 4th quarter worth approximately $118,000. Financial Management Professionals Inc. grew its position in Healthcare Services Group by 32.4% during the 4th quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider's stock worth $126,000 after purchasing an additional 2,653 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Healthcare Services Group during the 3rd quarter worth approximately $156,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Trading Down 3.5 %

Shares of HCSG stock traded down $0.38 during trading hours on Thursday, hitting $10.55. The company's stock had a trading volume of 414,621 shares, compared to its average volume of 445,473. The company has a 50 day moving average of $11.01 and a 200 day moving average of $11.23. The stock has a market cap of $775.30 million, a PE ratio of 19.54 and a beta of 0.66. Healthcare Services Group, Inc. has a 12-month low of $9.70 and a 12-month high of $12.99.

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Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on HCSG shares. Benchmark reissued a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. StockNews.com downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Macquarie began coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a "neutral" rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Healthcare Services Group presently has an average rating of "Hold" and an average target price 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.