Integrated Quantitative Investments LLC Makes New Investment in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Integrated Quantitative Investments LLC purchased a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 70,900 shares of the business services provider’s stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Healthcare Services Group by 100.8% during 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 during the period. SBI Securities Co. Ltd. acquired a new position in shares of Healthcare Services Group during the 4th quarter worth about $25,000. Ieq Capital LLC bought a new stake in Healthcare Services Group during the 4th quarter valued at approximately $118,000. Financial Management Professionals Inc. grew its holdings 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 buying an additional 2,653 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Healthcare Services Group in the 3rd quarter worth approximately $156,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Performance

Shares of HCSG opened at $10.13 on Friday. The stock has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $11.19. The company has a market cap of $744.43 million, a price-to-earnings ratio of 18.76 and a beta of 0.66. Healthcare Services Group, Inc. has a 52-week low of $9.70 and a 52-week high of $12.99.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HCSG shares. StockNews.com downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Macquarie initiated coverage on Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $17.00 target price 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

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.