Corient Private Wealth LLC Has $3.12 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Corient Private Wealth LLC grew its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 268,596 shares of the business services provider's stock after buying an additional 41,015 shares during the quarter. Corient Private Wealth LLC owned 0.37% of Healthcare Services Group worth $3,120,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HCSG. Royce & Associates LP lifted its holdings in shares of Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider's stock valued at $54,226,000 after purchasing an additional 219,103 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Healthcare Services Group in the fourth quarter valued at about $3,031,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Healthcare Services Group by 47.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 117,127 shares of the business services provider's stock valued at $1,360,000 after buying an additional 37,767 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Healthcare Services Group during the 4th quarter worth $166,278,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in Healthcare Services Group during the fourth quarter worth about $822,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Trading Up 0.8 %

NASDAQ:HCSG traded up $0.08 during mid-day trading on Wednesday, hitting $10.44. 339,568 shares of the company's stock traded hands, compared to its average volume of 448,562. Healthcare Services Group, Inc. has a 12 month low of $9.70 and a 12 month high of $12.99. The firm has a 50 day moving average of $10.91 and a two-hundred day moving average of $11.22. The firm has a market capitalization of $767.21 million, a price-to-earnings ratio of 19.33 and a beta of 0.66.

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Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.16 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, equities research analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have 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 report on Thursday, December 19th. Macquarie assumed coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a "neutral" rating and a $13.00 price objective on the stock. Finally, StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Three equities 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.00.

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.