Healthcare Services Group, Inc. (NASDAQ:HCSG) Stock Holdings Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,120,921 shares of the business services provider’s stock after buying an additional 12,050 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of Healthcare Services Group worth $42,734,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HCSG. Invesco Ltd. lifted its holdings in Healthcare Services Group by 604.0% in the first quarter. Invesco Ltd. now owns 2,278,042 shares of the business services provider’s stock worth $42,303,000 after purchasing an additional 1,954,436 shares during the period. State Street Corp lifted its holdings in Healthcare Services Group by 54.1% in the first quarter. State Street Corp now owns 4,065,246 shares of the business services provider’s stock worth $75,492,000 after purchasing an additional 1,427,064 shares during the period. Millennium Management LLC acquired a new stake in Healthcare Services Group in the second quarter worth about $20,223,000. BlackRock Inc. lifted its holdings in Healthcare Services Group by 7.5% in the second quarter. BlackRock Inc. now owns 12,967,339 shares of the business services provider’s stock worth $193,602,000 after purchasing an additional 907,374 shares during the period. Finally, Azarias Capital Management L.P. lifted its holdings in Healthcare Services Group by 248.8% in the third quarter. Azarias Capital Management L.P. now owns 1,107,788 shares of the business services provider’s stock worth $11,554,000 after purchasing an additional 790,233 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HCSG. Benchmark upped their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, February 15th. UBS Group upped their price target on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird upped their price target on shares of Healthcare Services Group from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Three investment 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 presently has a consensus rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Trading Up 0.5 %

HCSG stock opened at $11.60 on Wednesday. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $15.97. The firm has a market capitalization of $854.22 million, a PE ratio of 21.89 and a beta of 0.49. The firm has a 50-day moving average of $12.01 and a two-hundred day moving average of $10.67.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $423.80 million for the quarter, compared to the consensus estimate of $424.57 million. Healthcare Services Group had a return on equity of 10.81% and a net margin of 2.30%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current year.

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.