Corient Private Wealth LLC Purchases 41,015 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Corient Private Wealth LLC boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,596 shares of the business services provider’s stock after purchasing an additional 41,015 shares during the period. Corient Private Wealth LLC owned about 0.37% of Healthcare Services Group worth $3,120,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in Healthcare Services Group by 80.8% during the 3rd quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock valued at $1,960,000 after purchasing an additional 78,391 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Healthcare Services Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock worth $8,642,000 after acquiring an additional 76,456 shares in the last quarter. Geode Capital Management LLC grew its stake in Healthcare Services Group by 2.9% in 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 acquiring an additional 50,375 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new position in Healthcare Services Group in the 4th quarter worth about $822,000. Finally, Franklin Resources Inc. grew its stake in Healthcare Services Group by 39.9% in the 3rd quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider’s stock worth $5,858,000 after acquiring an additional 159,878 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of HCSG opened at $10.42 on Friday. The company has a 50 day moving average price of $10.96 and a 200-day moving average price of $11.22. Healthcare Services Group, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $12.99. The stock has a market capitalization of $765.74 million, a PE ratio of 19.30 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. Equities research analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. StockNews.com downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Macquarie assumed coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Company 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.