Aigen Investment Management LP Acquires 7,615 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Aigen Investment Management LP increased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSGFree Report) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,103 shares of the business services provider’s stock after acquiring an additional 7,615 shares during the quarter. Aigen Investment Management LP owned about 0.09% of Healthcare Services Group worth $696,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its holdings in Healthcare Services Group by 537.7% during the 4th quarter. National Bank of Canada FI now owns 134,625 shares of the business services provider’s stock worth $1,432,000 after acquiring an additional 113,514 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Healthcare Services Group by 24.1% in the 3rd quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock valued at $639,000 after purchasing an additional 11,797 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Healthcare Services Group by 269.6% in the third quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock valued at $4,350,000 after buying an additional 304,258 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Healthcare Services Group during the third quarter worth about $1,151,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Healthcare Services Group by 25.9% during the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 5,358 shares during the last quarter. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Down 0.3 %

NASDAQ HCSG opened at $11.32 on Thursday. Healthcare Services Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.14. The firm has a 50 day moving average of $11.69 and a two-hundred day moving average of $10.90. The stock has a market capitalization of $833.72 million, a PE ratio of 19.91 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSGGet Free Report) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $424.91 million. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. Healthcare Services Group’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts expect that Healthcare Services Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Get Our Latest Report on Healthcare Services Group

Healthcare Services Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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