Posted by Defense World Staff on May 19th, 2024
Jump Financial LLC lowered its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 88,200 shares of the business services provider’s stock after selling 22,112 shares during the period. Jump Financial LLC’s holdings in Healthcare Services Group were worth $915,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Healthcare Services Group by 537.7% during the fourth quarter. National Bank of Canada FI now owns 134,625 shares of the business services provider’s stock valued at $1,432,000 after buying an additional 113,514 shares during the period. Hsbc Holdings PLC increased its stake in shares of Healthcare Services Group by 24.1% during the third quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock valued at $639,000 after buying an additional 11,797 shares during the period. AQR Capital Management LLC increased its stake in shares of Healthcare Services Group by 269.6% during the third quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider’s stock valued at $4,350,000 after buying an additional 304,258 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Healthcare Services Group by 25.9% during the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock valued at $272,000 after buying an additional 5,358 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Healthcare Services Group by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 816,756 shares of the business services provider’s stock valued at $8,519,000 after buying an additional 380,110 shares during the period. 97.97% of the stock is owned by hedge funds and other institutional investors.
Healthcare Services Group Stock Down 1.5 %
Shares of HCSG stock opened at $11.54 on Friday. The business’s fifty day moving average is $11.74 and its 200 day moving average is $10.86. Healthcare Services Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.14. The stock has a market cap of $849.92 million, a price-to-earnings ratio of 20.25 and a beta of 0.52.
Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that Healthcare Services Group, Inc. will post 0.8 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
HCSG has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. UBS Group upped their price target on Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Benchmark upped their price target on Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird upped their price target on Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.50.
View Our Latest Research Report on Healthcare Services Group
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.
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