Public Sector Pension Investment Board Has $1.71 Million Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Public Sector Pension Investment Board lifted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 162,008 shares of the business services provider’s stock after buying an additional 8,761 shares during the period. Public Sector Pension Investment Board’s holdings in Healthcare Services Group were worth $1,714,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Healthcare Services Group during the 1st quarter worth $27,000. Financial Management Professionals Inc. bought a new stake in shares of Healthcare Services Group during the 1st quarter worth $55,000. PNC Financial Services Group Inc. boosted its holdings in shares of Healthcare Services Group by 38.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after buying an additional 1,714 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Healthcare Services Group during the 2nd quarter worth $124,000. Finally, CWM LLC boosted its holdings in shares of Healthcare Services Group by 12.9% during the 1st quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock worth $154,000 after buying an additional 1,411 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HCSG shares. Robert W. Baird upped their price objective on shares of Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Royal Bank of Canada decreased their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock opened at $11.17 on Tuesday. Healthcare Services Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $13.00. The firm has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $11.12. The company has a market cap of $822.63 million, a PE ratio of 19.60 and a beta of 0.53.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The firm had revenue of $426.30 million during the quarter, compared to the consensus estimate of $424.94 million. During the same period in the prior year, the firm earned $0.12 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that Healthcare Services Group, Inc. will post 0.78 earnings per share for the current fiscal 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.