Corient Private Wealth LLC Boosts Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Corient Private Wealth LLC grew its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,596 shares of the business services provider’s stock after buying an additional 41,015 shares during the period. Corient Private Wealth LLC’s holdings in Healthcare Services Group were worth $3,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Healthcare Services Group by 100.8% in the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after buying an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Healthcare Services Group in the fourth quarter worth $25,000. Ieq Capital LLC purchased a new position in shares of Healthcare Services Group in the fourth quarter worth $118,000. Financial Management Professionals Inc. raised its holdings in shares of Healthcare Services Group by 32.4% in the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock worth $126,000 after buying an additional 2,653 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Healthcare Services Group in the third quarter worth $156,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

HCSG stock opened at $10.42 on Friday. The firm has a market cap of $765.74 million, a PE ratio of 19.30 and a beta of 0.66. The firm’s fifty day moving average is $10.96 and its 200 day moving average is $11.22. Healthcare Services Group, Inc. has a one year low of $9.70 and a one year high of $12.99.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. Research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HCSG. Macquarie began coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.00.

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.