Swiss National Bank Grows Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Swiss National Bank grew its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,863 shares of the business services provider’s stock after buying an additional 3,300 shares during the quarter. Swiss National Bank owned 0.24% of Healthcare Services Group worth $2,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. boosted its stake in Healthcare Services Group by 7.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,992 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 782 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Healthcare Services Group by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 1,361,496 shares of the business services provider’s stock worth $25,282,000 after purchasing an additional 38,147 shares during the period. Citigroup Inc. raised its holdings in shares of Healthcare Services Group by 2.8% during the first quarter. Citigroup Inc. now owns 93,732 shares of the business services provider’s stock worth $1,741,000 after purchasing an additional 2,547 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Healthcare Services Group by 4.5% during the first quarter. PNC Financial Services Group Inc. now owns 16,774 shares of the business services provider’s stock worth $312,000 after purchasing an additional 725 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Healthcare Services Group by 55.2% during the first quarter. MetLife Investment Management LLC now owns 42,076 shares of the business services provider’s stock worth $781,000 after purchasing an additional 14,966 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Down 2.2 %

Healthcare Services Group stock opened at $13.92 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 29.00 and a beta of 0.37. The company’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $13.59. 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 posted its quarterly earnings data 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. Healthcare Services Group had a net margin of 2.14% and a return on equity of 8.34%. The company had revenue of $417.23 million during the quarter, compared to analyst estimates of $423.51 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts expect that Healthcare Services Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

HCSG has been the topic of a number of research reports. Credit Suisse Group increased their target price on shares of 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 started coverage on shares of Healthcare Services Group in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Jefferies Financial Group raised shares of Healthcare Services Group from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $8.50 to $14.00 in a report on Friday, March 24th. Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Healthcare Services Group in a report on Tuesday, February 21st. Finally, Royal Bank of Canada raised shares of Healthcare Services Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $14.00 to $17.00 in a report on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.60.

About Healthcare Services Group

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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.