State of Wyoming Trims Stock Position in Healthcare Services Group, Inc. $HCSG

State of Wyoming cut its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 52.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,723 shares of the business services provider’s stock after selling 27,226 shares during the period. State of Wyoming’s holdings in Healthcare Services Group were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HCSG. Miller Global Investments LLC bought a new position in shares of Healthcare Services Group during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Healthcare Services Group by 163.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after buying an additional 1,356 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Healthcare Services Group by 32.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider’s stock worth $69,000 after purchasing an additional 877 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Healthcare Services Group by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock worth $71,000 after purchasing an additional 845 shares during the last quarter. Finally, LSV Asset Management purchased a new position in shares of Healthcare Services Group during the third quarter worth $108,000. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Trading Down 0.4%

Shares of HCSG opened at $20.37 on Friday. Healthcare Services Group, Inc. has a twelve month low of $12.66 and a twelve month high of $24.39. The firm’s fifty day simple moving average is $20.35 and its 200-day simple moving average is $19.78. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.22 and a beta of 0.82.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.15. Healthcare Services Group had a net margin of 3.67% and a return on equity of 17.81%. The firm had revenue of $462.77 million for the quarter, compared to the consensus estimate of $479.79 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Healthcare Services Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HCSG shares. Robert W. Baird set a $23.00 target price on shares of Healthcare Services Group in a research note on Thursday, February 12th. BMO Capital Markets upped their price objective on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Benchmark increased their price target on shares of Healthcare Services Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Healthcare Services Group currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

About Healthcare Services Group

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.