Royce & Associates LP Increases Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Royce & Associates LP raised its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,668,599 shares of the business services provider’s stock after acquiring an additional 219,103 shares during the period. Royce & Associates LP owned 0.06% of Healthcare Services Group worth $54,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HCSG. GAMMA Investing LLC grew its stake in shares of Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Healthcare Services Group in the fourth quarter valued at $25,000. Ieq Capital LLC acquired a new stake in Healthcare Services Group in the fourth quarter valued at $118,000. Financial Management Professionals Inc. lifted its position in shares of Healthcare Services Group by 32.4% in the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 2,653 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Healthcare Services Group in the third quarter valued at $156,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Performance

HCSG stock opened at $10.92 on Friday. Healthcare Services Group, Inc. has a 1 year low of $9.70 and a 1 year high of $12.99. The firm has a market cap of $802.49 million, a P/E ratio of 20.22 and a beta of 0.66. The stock has a 50-day simple moving average of $11.05 and a 200-day simple moving average of $11.22.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. On average, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Macquarie started coverage on Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Healthcare Services Group has an average rating of “Hold” and a consensus price target of $14.00.

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.