Teacher Retirement System of Texas Acquires 85,790 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Teacher Retirement System of Texas increased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,322 shares of the business services provider's stock after acquiring an additional 85,790 shares during the quarter. Teacher Retirement System of Texas owned about 0.62% of Healthcare Services Group worth $5,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of Healthcare Services Group in the fourth quarter worth about $166,278,000. Cerity Partners LLC bought a new position in Healthcare Services Group in the 3rd quarter worth approximately $9,166,000. Raymond James Financial Inc. bought a new position in Healthcare Services Group in the 4th quarter worth approximately $5,909,000. Invenomic Capital Management LP acquired a new position in shares of Healthcare Services Group during the third quarter worth approximately $3,217,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Healthcare Services Group in the fourth quarter valued at approximately $3,031,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Stock Up 2.9 %

HCSG stock traded up $0.30 during midday trading on Thursday, reaching $10.74. The company's stock had a trading volume of 398,591 shares, compared to its average volume of 448,949. The business's 50-day simple moving average is $10.88 and its 200-day simple moving average is $11.21. Healthcare Services Group, Inc. has a 52 week low of $9.70 and a 52 week high of $12.99. The stock has a market cap of $789.26 million, a PE ratio of 19.89 and a beta of 0.66.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HCSG shares. Macquarie started coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They set a "neutral" rating and a $13.00 target price for the company. Benchmark reiterated a "buy" rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Healthcare Services Group currently has an average rating of "Hold" and an average target price of $14.00.

Healthcare Services Group Company 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.