Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Healthcare Services Group, Inc. $HCSG

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 54.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,684 shares of the business services provider’s stock after selling 49,347 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Healthcare Services Group were worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Healthcare Services Group by 3.7% in the 1st quarter. Royal Bank of Canada now owns 139,126 shares of the business services provider’s stock valued at $1,402,000 after purchasing an additional 4,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Healthcare Services Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider’s stock valued at $441,000 after buying an additional 1,824 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Healthcare Services Group in the first quarter worth approximately $242,000. Jane Street Group LLC lifted its holdings in Healthcare Services Group by 962.0% during the first quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider’s stock worth $2,017,000 after buying an additional 181,242 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Healthcare Services Group by 25.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,581 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 9,278 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG opened at $18.82 on Monday. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $20.26. The company has a market cap of $1.33 billion, a PE ratio of 34.85 and a beta of 0.75. The business has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $17.02.

Analysts Set New Price Targets

Several research analysts have recently commented on HCSG shares. BMO Capital Markets assumed coverage on Healthcare Services Group in a research report on Thursday, November 13th. They issued a “market perform” rating and a $20.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Healthcare Services Group in a report on Monday, December 29th. Benchmark increased their price target on shares of Healthcare Services Group from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Monday, November 24th. Finally, Wall Street Zen lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.40.

About Healthcare Services Group

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.