UBS Group AG Grows Position in Healthcare Services Group, Inc. $HCSG

UBS Group AG increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 67.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,489 shares of the business services provider’s stock after purchasing an additional 84,545 shares during the period. UBS Group AG owned approximately 0.30% of Healthcare Services Group worth $4,025,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Miller Global Investments LLC purchased a new position in shares of Healthcare Services Group during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,356 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Healthcare Services Group by 32.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider’s stock worth $69,000 after purchasing an additional 877 shares during the period. GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock worth $71,000 after purchasing an additional 845 shares during the period. Finally, LSV Asset Management purchased a new position in shares of Healthcare Services Group during the 3rd quarter worth about $108,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, CAO Andrew M. Brophy sold 2,490 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $21.75, for a total value of $54,157.50. Following the completion of the sale, the chief accounting officer directly owned 15,735 shares of the company’s stock, valued at $342,236.25. The trade was a 13.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

Healthcare Services Group Price Performance

Healthcare Services Group stock opened at $20.43 on Friday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 21.28 and a beta of 0.85. Healthcare Services Group, Inc. has a 1 year low of $12.66 and a 1 year high of $24.39. The firm has a 50-day moving average of $20.18 and a two-hundred day moving average of $19.59.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.15. The company had revenue of $462.77 million during the quarter, compared to analysts’ expectations of $479.79 million. Healthcare Services Group had a net margin of 3.67% and a return on equity of 17.81%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. Research analysts expect that Healthcare Services Group, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

HCSG has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Benchmark lifted their price target on shares of Healthcare Services Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Zacks Research raised shares of Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price target on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets lifted their price target on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Healthcare Services Group Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.