SG Americas Securities LLC Sells 21,098 Shares of Healthcare Services Group, Inc. $HCSG

SG Americas Securities LLC reduced its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 48.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,641 shares of the business services provider’s stock after selling 21,098 shares during the period. SG Americas Securities LLC’s holdings in Healthcare Services Group were worth $420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of Healthcare Services Group by 4.3% during the fourth quarter. Cetera Investment Advisers now owns 14,052 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 581 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Healthcare Services Group by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 20,151 shares of the business services provider’s stock worth $385,000 after buying an additional 738 shares during the period. GAMMA Investing LLC increased its stake in shares of Healthcare Services Group by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock worth $71,000 after buying an additional 845 shares during the period. Farther Finance Advisors LLC raised its holdings in 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 valued at $69,000 after buying an additional 877 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Healthcare Services Group by 8.2% during the 4th quarter. LPL Financial LLC now owns 11,802 shares of the business services provider’s stock valued at $226,000 after buying an additional 895 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Down 2.1%

Shares of HCSG stock opened at $23.89 on Thursday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.89 and a beta of 0.78. The stock has a fifty day moving average of $22.08 and a 200 day moving average of $20.54. Healthcare Services Group, Inc. has a 52 week low of $12.66 and a 52 week high of $25.75.

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

Analyst Ratings Changes

HCSG has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised 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 report on Thursday, April 23rd. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Tuesday, June 2nd. Zacks Research downgraded Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets boosted their price target on Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.50.

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.