Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. reduced its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the business services provider’s stock after selling 20,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Healthcare Services Group were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HCSG. Financial Management Professionals Inc. grew its stake in Healthcare Services Group by 32.4% in the 4th quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 2,653 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Healthcare Services Group by 34.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,643 shares of the business services provider’s stock valued at $298,000 after acquiring an additional 6,524 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Healthcare Services Group by 100.8% in the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 1,073 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of Healthcare Services Group by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 168,841 shares of the business services provider’s stock worth $1,961,000 after purchasing an additional 1,897 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Healthcare Services Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock valued at $8,642,000 after purchasing an additional 76,456 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Up 1.0 %

NASDAQ HCSG opened at $11.82 on Wednesday. The stock has a fifty day simple moving average of $11.89 and a 200-day simple moving average of $11.26. The stock has a market cap of $866.29 million, a PE ratio of 17.13 and a beta of 0.56. Healthcare Services Group, Inc. has a twelve month low of $8.98 and a twelve month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The company had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same quarter last year, the firm posted $0.17 earnings per share. Healthcare Services Group’s revenue was up 4.1% compared to the same quarter last year. Research analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HCSG. Macquarie assumed coverage on Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price on the stock. StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, Robert W. Baird cut their price objective on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.80.

Healthcare Services Group 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.