Rice Hall James & Associates LLC Has $3.25 Million Holdings in Healthcare Services Group, Inc. $HCSG

Rice Hall James & Associates LLC reduced its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,112 shares of the business services provider’s stock after selling 33,175 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Healthcare Services Group were worth $3,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HCSG. Royal Bank of Canada raised its position in Healthcare Services Group by 3.7% in the 1st quarter. Royal Bank of Canada now owns 139,126 shares of the business services provider’s stock worth $1,402,000 after purchasing an additional 4,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Healthcare Services Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider’s stock worth $441,000 after purchasing an additional 1,824 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Healthcare Services Group in the 1st quarter worth approximately $242,000. Jane Street Group LLC raised its position in Healthcare Services Group by 962.0% in the 1st quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider’s stock worth $2,017,000 after purchasing an additional 181,242 shares during the last quarter. Finally, Invesco Ltd. raised its position in Healthcare Services Group by 19.4% in the 2nd quarter. Invesco Ltd. now owns 747,822 shares of the business services provider’s stock worth $11,240,000 after purchasing an additional 121,263 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HCSG shares. William Blair upgraded shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. UBS Group boosted their price objective on shares of Healthcare Services Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. BMO Capital Markets boosted their price objective on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock opened at $22.56 on Wednesday. The firm has a fifty day moving average of $20.80 and a two-hundred day moving average of $19.98. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 23.50 and a beta of 0.82. Healthcare Services Group, Inc. has a 52 week low of $12.66 and a 52 week high of $24.39.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.22 by $0.15. The company had revenue of $462.77 million during the quarter, compared to analysts’ expectations of $479.79 million. Healthcare Services Group had a net margin of 3.67% and a return on equity of 17.81%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, research analysts forecast that Healthcare Services Group, Inc. will post 1.01 EPS for the current fiscal 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.