Healthcare Services Group, Inc. $HCSG Shares Sold by State of Wyoming

State of Wyoming lowered its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,723 shares of the business services provider’s stock after selling 27,226 shares during the quarter. State of Wyoming’s holdings in Healthcare Services Group were worth $473,000 at the end of the most recent reporting period.

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

Healthcare Services Group Stock Down 0.4%

Shares of NASDAQ HCSG opened at $20.37 on Friday. Healthcare Services Group, Inc. has a 12-month low of $12.66 and a 12-month high of $24.39. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 21.22 and a beta of 0.82. The firm’s 50-day simple moving average is $20.35 and its 200 day simple moving average is $19.78.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of Healthcare Services Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets increased their target price on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Tuesday. Robert W. Baird set a $23.00 price objective on shares of Healthcare Services Group in a research note on Thursday, February 12th. Finally, Zacks Research raised shares of Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.