New York State Teachers Retirement System Has $1.19 Million Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

New York State Teachers Retirement System decreased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,433 shares of the business services provider’s stock after selling 1,300 shares during the quarter. New York State Teachers Retirement System owned 0.15% of Healthcare Services Group worth $1,187,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Healthcare Services Group by 604.0% in the first quarter. Invesco Ltd. now owns 2,278,042 shares of the business services provider’s stock valued at $42,303,000 after buying an additional 1,954,436 shares during the period. State Street Corp increased its stake in shares of Healthcare Services Group by 54.1% in the first quarter. State Street Corp now owns 4,065,246 shares of the business services provider’s stock valued at $75,492,000 after buying an additional 1,427,064 shares during the period. Millennium Management LLC acquired a new position in shares of Healthcare Services Group in the second quarter valued at approximately $20,223,000. BlackRock Inc. increased its stake in shares of Healthcare Services Group by 7.5% in the second quarter. BlackRock Inc. now owns 12,967,339 shares of the business services provider’s stock valued at $193,602,000 after buying an additional 907,374 shares during the period. Finally, Azarias Capital Management L.P. increased its stake in shares of Healthcare Services Group by 248.8% in the third quarter. Azarias Capital Management L.P. now owns 1,107,788 shares of the business services provider’s stock valued at $11,554,000 after buying an additional 790,233 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HCSG shares. Benchmark upped their price objective on Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their target price on Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Robert W. Baird upped their target price on Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. StockNews.com upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, UBS Group upped their target price on Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Healthcare Services Group Price Performance

Shares of HCSG stock opened at $11.58 on Thursday. The stock has a market capitalization of $852.81 million, a PE ratio of 21.85 and a beta of 0.49. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $15.97. The business’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $10.67.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $423.80 million for the quarter, compared to analysts’ expectations of $424.57 million. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. As a group, research analysts expect that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current year.

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.