Arizona State Retirement System Buys 777 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Arizona State Retirement System boosted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,896 shares of the business services provider’s stock after purchasing an additional 777 shares during the quarter. Arizona State Retirement System’s holdings in Healthcare Services Group were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in HCSG. CWM LLC boosted its position in Healthcare Services Group by 133.9% during the fourth quarter. CWM LLC now owns 3,132 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 1,793 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Healthcare Services Group by 64.6% in the first quarter. Captrust Financial Advisors now owns 4,582 shares of the business services provider’s stock worth $85,000 after acquiring an additional 1,799 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Healthcare Services Group by 138.1% in the third quarter. Tower Research Capital LLC TRC now owns 7,480 shares of the business services provider’s stock worth $91,000 after acquiring an additional 4,338 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Healthcare Services Group by 14.4% in the third quarter. Public Employees Retirement System of Ohio now owns 11,127 shares of the business services provider’s stock worth $135,000 after acquiring an additional 1,399 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Healthcare Services Group by 18.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,911 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,867 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Healthcare Services Group Stock Up 0.2 %

Shares of NASDAQ:HCSG opened at $14.53 on Wednesday. The business has a 50-day moving average price of $14.24 and a 200-day moving average price of $13.58. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 30.27 and a beta of 0.37. Healthcare Services Group, Inc. has a 52-week low of $11.55 and a 52-week high of $18.74.

Healthcare Services Group (NASDAQ:HCSG – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $417.23 million during the quarter, compared to analysts’ expectations of $423.51 million. Healthcare Services Group had a return on equity of 8.34% and a net margin of 2.14%. Healthcare Services Group’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Credit Suisse Group raised their price target on Healthcare Services Group from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. StockNews.com assumed coverage on Healthcare Services Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of Healthcare Services Group in a research note on Tuesday, February 21st. Royal Bank of Canada upgraded Healthcare Services Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $17.00 in a research note on Thursday, February 16th. Finally, Jefferies Financial Group upgraded Healthcare Services Group from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $8.50 to $14.00 in a research note on Friday, March 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.60.

Healthcare Services Group Company Profile

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Healthcare Services Group, Inc engages in the provision of keeping, laundry, and dietary services to long-term care and related health care facilities. It operates through the following business segments: Housekeeping and Dietary. The Housekeeping segment consists of the management of the client’s housekeeping department, which is responsible for the cleaning, disinfecting, and sanitizing of patient rooms and common areas of a client facility, as well as the laundering and processing of the personal clothing belonging to the facility’s patients.