Numerai GP LLC Has $1.21 Million Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Numerai GP LLC lessened its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,042 shares of the business services provider’s stock after selling 36,062 shares during the period. Numerai GP LLC owned 0.14% of Healthcare Services Group worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HCSG. Franklin Resources Inc. grew its holdings in shares of Healthcare Services Group by 39.9% during the third quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider’s stock worth $5,858,000 after purchasing an additional 159,878 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Healthcare Services Group by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock valued at $8,642,000 after acquiring an additional 76,456 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Healthcare Services Group by 34.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,643 shares of the business services provider’s stock worth $298,000 after purchasing an additional 6,524 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in Healthcare Services Group by 32.4% during the 4th 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. Institutional investors and hedge funds own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HCSG shares. Macquarie lifted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. UBS Group raised shares of Healthcare Services Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 24th. Finally, StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $14.52 on Wednesday. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $14.90. The stock has a market capitalization of $1.06 billion, a P/E ratio of 26.89 and a beta of 0.55. The company has a 50-day moving average price of $11.38 and a 200-day moving average price of $11.45.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to analysts’ expectations of $443.82 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Healthcare Services Group’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

About Healthcare Services Group

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.