Cerity Partners LLC Reduces Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Cerity Partners LLC trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 95.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,086 shares of the business services provider's stock after selling 783,471 shares during the quarter. Cerity Partners LLC owned 0.05% of Healthcare Services Group worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after acquiring an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group in the fourth quarter worth $25,000. Ieq Capital LLC bought a new position in shares of Healthcare Services Group in the 4th quarter worth about $118,000. Financial Management Professionals Inc. lifted its holdings in shares of Healthcare Services Group by 32.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider's stock valued at $126,000 after purchasing an additional 2,653 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Healthcare Services Group in the fourth quarter worth $167,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Up 0.4 %

Shares of HCSG opened at $9.41 on Wednesday. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $12.99. The firm has a market cap of $686.14 million, a PE ratio of 17.43 and a beta of 0.62. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $11.06.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. As a group, research analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average 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.

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