Mitsubishi UFJ Trust & Banking Corp Buys New Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Mitsubishi UFJ Trust & Banking Corp bought a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,819 shares of the business services provider's stock, valued at approximately $381,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in 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 valued at $25,000 after purchasing an additional 1,073 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Healthcare Services Group during the 4th quarter valued at approximately $25,000. Ieq Capital LLC purchased a new stake in Healthcare Services Group in the 4th quarter worth approximately $118,000. Financial Management Professionals Inc. raised its stake 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 acquiring an additional 2,653 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Healthcare Services Group during the third quarter valued at approximately $156,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HCSG shares. Macquarie assumed coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 price objective for the company. StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Benchmark restated a "buy" rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research 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 company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.00.

Healthcare Services Group Price Performance

Shares of HCSG stock traded down $0.17 during mid-day trading on Monday, hitting $9.90. The company had a trading volume of 664,141 shares, compared to its average volume of 467,528. The stock's 50 day moving average price is $10.67 and its 200-day moving average price is $11.16. Healthcare Services Group, Inc. has a 52-week low of $9.64 and a 52-week high of $12.99. The company 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 EPS for the quarter, missing the consensus estimate 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 expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.