AQR Capital Management LLC Acquires 34,211 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

AQR Capital Management LLC lifted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 6.2% during the 2nd quarter, Holdings Channel reports. The firm owned 590,355 shares of the business services provider’s stock after purchasing an additional 34,211 shares during the quarter. AQR Capital Management LLC’s holdings in Healthcare Services Group were worth $6,246,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Healthcare Services Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after buying an additional 167,779 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Healthcare Services Group by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock valued at $21,766,000 after acquiring an additional 181,231 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Healthcare Services Group by 1.6% during the 1st quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock valued at $16,379,000 after acquiring an additional 20,392 shares during the period. Azarias Capital Management L.P. boosted its stake in Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after acquiring an additional 412,704 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Healthcare Services Group by 2,692.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock worth $13,178,000 after acquiring an additional 944,658 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

HCSG stock opened at $10.05 on Friday. The business has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $11.08. The company has a market capitalization of $740.14 million, a P/E ratio of 17.63 and a beta of 0.52. Healthcare Services Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.00.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HCSG shares. Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, July 25th. Royal Bank of Canada decreased their price objective on 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, Robert W. Baird increased their target price on Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.50.

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.