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JPMorgan Chase & Co. Raises Position in Healthcare Services Group, Inc. $HCSG
JPMorgan Chase & Co. significantly increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 46.6% in the third quarter, now owning 553,663 shares valued at approximately $9.32 million. This comes after Healthcare Services Group reported strong Q4 results, exceeding EPS expectations, and analysts have offered mixed but generally favorable ratings with a consensus “Hold” and a $22.00 price target. Several other institutional investors also adjusted their positions, and despite some insider selling, institutional ownership remains high at 97.97%.