Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,924 shares of the business services provider’s stock after acquiring an additional 9,204 shares during the period. WINTON GROUP Ltd owned approximately 0.14% of Healthcare Services Group worth $1,219,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of Healthcare Services Group in the third quarter valued at approximately $156,000. BNP Paribas Financial Markets grew its holdings in Healthcare Services Group by 9.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 68,196 shares of the business services provider’s stock valued at $762,000 after buying an additional 5,656 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Healthcare Services Group in the 3rd quarter worth $170,000. Verition Fund Management LLC purchased a new position in shares of Healthcare Services Group during the 3rd quarter worth $231,000. Finally, Centiva Capital LP acquired a new position in shares of Healthcare Services Group during the 3rd quarter valued at about $311,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

Shares of HCSG stock opened at $10.74 on Friday. The company has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.21. The firm has a market cap of $789.26 million, a PE ratio of 19.89 and a beta of 0.66. Healthcare Services Group, Inc. has a 1-year low of $9.70 and a 1-year high of $12.99.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. Sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HCSG shares. StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Macquarie assumed coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Company Profile

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.