260,948 Shares in Healthcare Services Group, Inc. (NASDAQ:HCSG) Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 260,948 shares of the business services provider’s stock, valued at approximately $3,031,000. First Eagle Investment Management LLC owned approximately 0.36% of Healthcare Services Group at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HCSG. Wealthfront Advisers LLC bought a new stake in Healthcare Services Group during the fourth quarter worth about $166,278,000. Cerity Partners LLC bought a new stake in Healthcare Services Group during the third quarter worth about $9,166,000. Raymond James Financial Inc. bought a new stake in Healthcare Services Group during the fourth quarter worth about $5,909,000. Foundry Partners LLC boosted its stake in Healthcare Services Group by 86.5% during the third quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock worth $9,015,000 after acquiring an additional 374,301 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in Healthcare Services Group during the third quarter worth about $3,217,000. Institutional investors own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HCSG shares. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. Macquarie started coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Stock Up 2.3 %

HCSG opened at $10.92 on Friday. The firm has a 50 day moving average price of $11.05 and a 200-day moving average price of $11.22. Healthcare Services Group, Inc. has a twelve month low of $9.70 and a twelve month high of $12.99. The stock has a market capitalization of $802.49 million, a price-to-earnings ratio of 20.22 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, analysts expect that Healthcare Services Group, Inc. will post 0.74 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.