5 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital

2. Healthcare Services Group, Inc. (NASDAQ:HCSG)

AQR Capital Management’s Stake Value: $38 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.07%

Number of Hedge Fund Holders: 22

Share price on April 25, 2022: $18.36

Healthcare Services Group, Inc. (NASDAQ:HCSG) is a housekeeping services provider headquartered in Bensalem, Pennsylvania. It provides management and other services to retirement homes, hospitals, and other facilities.

By the end of its fiscal first quarter, Healthcare Services Group, Inc. (NASDAQ:HCSG) had reported $426 million in revenue and $0.25 in GAAP EPS, for a strong set of results that beat Wall Street estimates for both. RBC Capital raised its price target to $20 from $17 in April 2022, as it highlighted that the higher price target includes cost reduction initiatives.

For its Q4 2021 investment portfolio, AQR Capital Management owned 2.2 million Healthcare Services Group, Inc. (NASDAQ:HCSG)  shares that were worth $38 million and represented 0.07% of its portfolio. For the same time period, 22 of the 924 hedge funds analyzed by Insider Monkey had invested in the company.

Healthcare Services Group, Inc. (NASDAQ:HCSG)’s largest investor after AQR Capital is Tom Gayner’s Markel Gayner Asset Management which owns 1.1 million shares worth $20 million.