GAMMA Investing LLC Acquires 18,215 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

GAMMA Investing LLC increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 852.4% in the 1st quarter, HoldingsChannel reports. The firm owned 20,352 shares of the business services provider’s stock after acquiring an additional 18,215 shares during the quarter. GAMMA Investing LLC’s holdings in Healthcare Services Group were worth $2,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PharVision Advisers LLC acquired a new position in Healthcare Services Group during the fourth quarter worth about $147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Healthcare Services Group by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider’s stock valued at $1,832,000 after acquiring an additional 5,347 shares during the last quarter. Sovereign s Capital Management LLC bought a new stake in Healthcare Services Group in the fourth quarter valued at approximately $939,000. Squarepoint Ops LLC boosted its holdings in shares of Healthcare Services Group by 121.6% during the 4th quarter. Squarepoint Ops LLC now owns 30,023 shares of the business services provider’s stock worth $349,000 after buying an additional 16,476 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Healthcare Services Group by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 22,173 shares of the business services provider’s stock worth $258,000 after buying an additional 6,824 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Down 1.1%

Shares of HCSG opened at $14.65 on Friday. The company has a market cap of $1.07 billion, a PE ratio of 27.13 and a beta of 0.55. The stock has a 50-day moving average price of $13.18 and a 200-day moving average price of $11.89. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $14.90.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. Healthcare Services Group’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HCSG shares. Robert W. Baird increased their target price on Healthcare Services Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Macquarie lifted their target price on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Wall Street Zen raised Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Finally, UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $15.00 in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

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.