Connors Investor Services Inc. lessened its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,825 shares of the business services provider’s stock after selling 9,627 shares during the quarter. Connors Investor Services Inc.’s holdings in Healthcare Services Group were worth $2,527,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HCSG. Mirae Asset Global Investments Co. Ltd. grew its holdings in Healthcare Services Group by 2,692.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock worth $13,178,000 after acquiring an additional 944,658 shares in the last quarter. Janus Henderson Group PLC grew its stake in Healthcare Services Group by 2,698.7% during the 1st quarter. Janus Henderson Group PLC now owns 919,069 shares of the business services provider’s stock worth $11,470,000 after buying an additional 886,230 shares during the last quarter. Azarias Capital Management L.P. lifted its stake in Healthcare Services Group by 50.7% in the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after buying an additional 412,704 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Healthcare Services Group during the fourth quarter worth approximately $4,216,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Healthcare Services Group in the 1st quarter valued at $3,765,000. Institutional investors and hedge funds own 97.97% of the company’s stock.
Healthcare Services Group Stock Up 1.1 %
NASDAQ HCSG opened at $11.26 on Tuesday. Healthcare Services Group, Inc. has a 52-week low of $8.75 and a 52-week high of $13.00. The firm has a 50-day moving average price of $10.92 and a 200 day moving average price of $11.21. The stock has a market capitalization of $829.25 million, a P/E ratio of 19.75 and a beta of 0.53.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on HCSG shares. Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, July 25th. Royal Bank of Canada lowered their price target on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Robert W. Baird upped their price objective on Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.50.
Get Our Latest Analysis on Healthcare Services Group
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.
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