Squarepoint Ops LLC Buys 84,941 Shares of Healthcare Services Group, Inc. $HCSG

Squarepoint Ops LLC increased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 165.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 136,273 shares of the business services provider’s stock after purchasing an additional 84,941 shares during the quarter. Squarepoint Ops LLC owned 0.19% of Healthcare Services Group worth $2,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HCSG. State of Wyoming purchased a new position in Healthcare Services Group during the second quarter worth $236,000. Caxton Associates LLP purchased a new position in shares of Healthcare Services Group during the 2nd quarter worth about $163,000. Public Sector Pension Investment Board grew its holdings in Healthcare Services Group by 6.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 248,636 shares of the business services provider’s stock valued at $3,737,000 after purchasing an additional 15,602 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Healthcare Services Group by 600.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,259 shares of the business services provider’s stock worth $154,000 after purchasing an additional 8,795 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in Healthcare Services Group by 77.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 31,949 shares of the business services provider’s stock worth $480,000 after purchasing an additional 13,907 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 0.2%

Shares of HCSG stock opened at $19.17 on Friday. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $20.00. The stock has a fifty day simple moving average of $18.01 and a two-hundred day simple moving average of $15.99. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 35.50 and a beta of 0.75.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The firm had revenue of $464.34 million during the quarter, compared to the consensus estimate of $460.36 million. During the same period in the previous year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on HCSG shares. Wall Street Zen cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Services Group in a report on Monday. Benchmark increased their target price on Healthcare Services Group from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Macquarie reissued a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Finally, UBS Group restated a “buy” rating on shares of Healthcare Services Group in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.40.

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.