Price T Rowe Associates Inc. MD Has $647,000 Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Price T Rowe Associates Inc. MD boosted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,654 shares of the business services provider’s stock after purchasing an additional 8,074 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Healthcare Services Group were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCSG. GAMMA Investing LLC increased its stake in 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 purchasing an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group during the 4th quarter valued at $25,000. Sterling Capital Management LLC grew its position in Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock worth $27,000 after purchasing an additional 2,097 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Healthcare Services Group during the fourth quarter valued at approximately $118,000. Finally, Bank of Montreal Can purchased a new stake in shares of Healthcare Services Group during the 4th quarter valued at $118,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group upgraded Healthcare Services Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Robert W. Baird raised their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Macquarie upped their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Finally, StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.80.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $14.49 on Tuesday. The company has a market cap of $1.06 billion, a PE ratio of 26.83 and a beta of 0.55. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $14.90. The stock’s 50-day moving average is $11.30 and its 200 day moving average is $11.43.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $447.66 million for the quarter, compared to the consensus estimate of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. Analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

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.