Healthcare Services Group, Inc. (NASDAQ:HCSG) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 23.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 455,322 shares of the business services provider’s stock after acquiring an additional 85,790 shares during the quarter. Teacher Retirement System of Texas’ holdings in Healthcare Services Group were worth $5,289,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of Healthcare Services Group in the fourth quarter worth $166,278,000. Royce & Associates LP grew its stake in Healthcare Services Group by 4.9% in the fourth quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after purchasing an additional 219,103 shares in the last quarter. State Street Corp increased its position in Healthcare Services Group by 8.3% in the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock worth $33,112,000 after purchasing an additional 226,818 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Healthcare Services Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after purchasing an additional 50,375 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Healthcare Services Group during the 3rd quarter valued at about $9,166,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HCSG shares. StockNews.com downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a report on Thursday, December 19th. Finally, Macquarie assumed coverage on Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Healthcare Services Group presently has an average rating of “Hold” and an average target price of $14.00.

Healthcare Services Group Stock Down 1.2 %

NASDAQ:HCSG opened at $10.42 on Monday. The company’s 50 day moving average is $10.96 and its 200-day moving average is $11.22. Healthcare Services Group, Inc. has a 12 month low of $9.70 and a 12 month high of $12.99. The firm has a market cap of $765.74 million, a price-to-earnings ratio of 19.30 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results 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 return on equity of 11.76% and a net margin of 2.30%. Research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

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.