North Star Investment Management Corp. Purchases 30,000 Shares of Healthcare Services Group, Inc. $HCSG

North Star Investment Management Corp. raised its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 21.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 170,950 shares of the business services provider’s stock after acquiring an additional 30,000 shares during the period. North Star Investment Management Corp.’s holdings in Healthcare Services Group were worth $2,877,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HCSG. Trail Ridge Investment Advisors LLC lifted its holdings in shares of Healthcare Services Group by 2.6% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 609 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Healthcare Services Group by 6.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,721 shares of the business services provider’s stock worth $281,000 after buying an additional 1,135 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in shares of Healthcare Services Group by 8.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 15,925 shares of the business services provider’s stock worth $239,000 after acquiring an additional 1,224 shares during the period. EverSource Wealth Advisors LLC raised its position in Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 1,356 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Healthcare Services Group by 94.9% in the third quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,384 shares in the last quarter. 97.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on HCSG. UBS Group reiterated a “buy” rating on shares of Healthcare Services Group in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Healthcare Services Group in a report on Monday, December 29th. Macquarie restated a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Wall Street Zen lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, BMO Capital Markets began coverage on Healthcare Services Group in a research note on Thursday, November 13th. They set a “market perform” rating and a $20.00 target price for the company. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.40.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $18.07 on Tuesday. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $20.26. The firm has a market capitalization of $1.27 billion, a PE ratio of 33.46 and a beta of 0.71. The business’s 50 day moving average price is $18.55 and its 200-day moving average price is $16.41.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The firm had revenue of $464.34 million during the quarter, compared to the consensus estimate of $460.36 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.