Healthcare Services Group, Inc. $HCSG Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,585 shares of the business services provider’s stock after acquiring an additional 65,649 shares during the period. Pacer Advisors Inc. owned 0.45% of Healthcare Services Group worth $6,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in 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. grew its holdings in shares of 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 worth $441,000 after buying an additional 1,824 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Healthcare Services Group during the first quarter worth $242,000. Jane Street Group LLC raised its position in shares of Healthcare Services Group by 962.0% in the first quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider’s stock valued at $2,017,000 after buying an additional 181,242 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Healthcare Services Group by 19.4% in the second quarter. Invesco Ltd. now owns 747,822 shares of the business services provider’s stock valued at $11,240,000 after buying an additional 121,263 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCSG has been the topic of a number of recent research reports. Benchmark boosted their price target on shares of Healthcare Services Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Zacks Research upgraded Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. UBS Group upped their price target on Healthcare Services Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Healthcare Services Group Trading Down 1.7%

Shares of HCSG opened at $22.54 on Tuesday. Healthcare Services Group, Inc. has a 12-month low of $12.66 and a 12-month high of $24.39. The firm has a 50-day moving average price of $21.10 and a 200 day moving average price of $20.09. The firm has a market capitalization of $1.55 billion, a P/E ratio of 23.48 and a beta of 0.82.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The company had revenue of $462.77 million for the quarter, compared to the consensus estimate of $479.79 million. Healthcare Services Group had a net margin of 3.67% and a return on equity of 17.81%. Healthcare Services Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities research analysts predict that Healthcare Services Group, Inc. will post 1.01 earnings per share for the current fiscal year.

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.