Stanley Laman Group Ltd. Increases Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Stanley Laman Group Ltd. lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,906 shares of the business services provider’s stock after purchasing an additional 10,325 shares during the quarter. Stanley Laman Group Ltd. owned about 0.49% of Healthcare Services Group worth $4,157,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HCSG. The Manufacturers Life Insurance Company raised its stake in shares of Healthcare Services Group by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock worth $300,000 after purchasing an additional 1,311 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Healthcare Services Group in the second quarter worth about $453,000. CWM LLC raised its stake in shares of Healthcare Services Group by 22.4% in the third quarter. CWM LLC now owns 19,152 shares of the business services provider’s stock worth $214,000 after purchasing an additional 3,511 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Healthcare Services Group in the third quarter worth about $116,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its stake in shares of Healthcare Services Group by 54.3% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 54,000 shares of the business services provider’s stock worth $603,000 after purchasing an additional 19,000 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

Healthcare Services Group stock opened at $10.71 on Thursday. The stock has a market capitalization of $784.94 million, a PE ratio of 15.52 and a beta of 0.56. Healthcare Services Group, Inc. has a 12 month low of $9.34 and a 12 month high of $13.00. The business has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $11.24.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCSG has been the subject of several recent research reports. Macquarie initiated coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price target for the company. StockNews.com upgraded Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, Robert W. Baird cut their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.80.

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.