Global Alpha Capital Management Ltd. bought a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,780 shares of the business services provider's stock, valued at approximately $822,000. Global Alpha Capital Management Ltd. owned approximately 0.10% of Healthcare Services Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Healthcare Services Group by 100.8% during the fourth 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. bought a new position in shares of Healthcare Services Group in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC boosted its position in Healthcare Services Group by 804.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after buying an additional 2,428 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Healthcare Services Group during the fourth quarter worth approximately $118,000. Finally, Financial Management Professionals Inc. boosted its holdings in Healthcare Services Group by 32.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider's stock worth $126,000 after buying an additional 2,653 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.
Healthcare Services Group Stock Performance
HCSG stock traded down $0.21 during mid-day trading on Wednesday, hitting $10.82. 604,932 shares of the company were exchanged, compared to its average volume of 447,371. Healthcare Services Group, Inc. has a 1-year low of $9.70 and a 1-year high of $12.99. The firm's 50 day simple moving average is $11.10 and its 200 day simple moving average is $11.23. The firm has a market cap of $795.14 million, a P/E ratio of 20.04 and a beta of 0.66.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HCSG shares. StockNews.com downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Macquarie started coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a "neutral" rating and a $13.00 target price on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.00.
Read Our Latest Stock Analysis on Healthcare Services Group
About Healthcare Services Group
(
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.
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