Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP raised its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 40.5% in the third quarter, HoldingsChannel reports. The firm owned 22,827 shares of the business services provider’s stock after acquiring an additional 6,575 shares during the period. Semanteon Capital Management LP’s holdings in Healthcare Services Group were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. Headlands Technologies LLC acquired a new stake in Healthcare Services Group during the first quarter valued at approximately $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 1,714 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of Healthcare Services Group by 85.7% during the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 3,774 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Healthcare Services Group by 1,017.5% during the third quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 9,371 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Healthcare Services Group during the third quarter valued at approximately $116,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Stock Up 2.0 %

Shares of HCSG opened at $10.95 on Tuesday. The company’s fifty day moving average is $10.72 and its 200-day moving average is $10.86. Healthcare Services Group, Inc. has a 12 month low of $8.98 and a 12 month high of $13.00. The firm has a market cap of $803.51 million, a price-to-earnings ratio of 25.47 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The company had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. During the same quarter in the prior year, the business posted $0.17 EPS. Healthcare Services Group’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, research analysts predict that Healthcare Services Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada dropped their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, October 24th. 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, the company has a consensus rating of “Hold” and an average price target of $14.00.

About Healthcare Services Group

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.