Integrated Quantitative Investments LLC Purchases New Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Integrated Quantitative Investments LLC bought a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 70,900 shares of the business services provider's stock, valued at approximately $824,000. Integrated Quantitative Investments LLC owned approximately 0.10% of Healthcare Services Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HCSG. Wealthfront Advisers LLC acquired a new stake in shares of Healthcare Services Group in the fourth quarter valued at about $166,278,000. Raymond James Financial Inc. acquired a new stake in shares of Healthcare Services Group during the 4th quarter valued at approximately $5,909,000. First Eagle Investment Management LLC purchased a new stake in shares of Healthcare Services Group during the 4th quarter worth approximately $3,031,000. Franklin Resources Inc. grew its holdings in shares of Healthcare Services Group by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock worth $9,229,000 after acquiring an additional 234,025 shares during the period. Finally, State Street Corp grew its holdings in shares of Healthcare Services Group by 8.3% in the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider's stock worth $33,112,000 after acquiring an additional 226,818 shares during the period. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on HCSG shares. Macquarie assumed coverage on 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. StockNews.com lowered shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Benchmark restated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group presently has an average rating of "Hold" and an average price target of $14.00.

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Healthcare Services Group Stock Down 1.7 %

Shares of HCSG traded down $0.17 on Monday, hitting $9.90. 664,141 shares of the stock traded hands, compared to its average volume of 467,528. Healthcare Services Group, Inc. has a 1 year low of $9.70 and a 1 year high of $12.99. The stock's 50 day moving average is $10.67 and its two-hundred day moving average is $11.16. The firm has a market capitalization of $727.53 million, a P/E ratio of 18.33 and a beta of 0.62.

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

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.