Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,916 shares of the business services provider’s stock after purchasing an additional 5,401 shares during the period. Atria Investments Inc’s holdings in Healthcare Services Group were worth $626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Healthcare Services Group during the fourth quarter worth about $25,000. Farther Finance Advisors LLC increased its position in Healthcare Services Group by 804.0% during the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after purchasing an additional 2,428 shares during the last quarter. Ieq Capital LLC acquired a new stake in Healthcare Services Group during the fourth quarter worth about $118,000. Finally, Financial Management Professionals Inc. increased its position in Healthcare Services Group by 32.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,653 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Shares of HCSG opened at $10.92 on Friday. Healthcare Services Group, Inc. has a 1-year low of $9.70 and a 1-year high of $12.99. The stock has a market cap of $802.49 million, a PE ratio of 20.22 and a beta of 0.66. The firm has a 50-day simple moving average of $11.07 and a two-hundred day simple moving average of $11.22.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, sell-side analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HCSG shares. Macquarie assumed coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of “Hold” and an average target price of $14.00.

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.