Charles Schwab Investment Management Inc. Sells 302,667 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Charles Schwab Investment Management Inc. trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 891,367 shares of the business services provider's stock after selling 302,667 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.22% of Healthcare Services Group worth $10,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Intech Investment Management LLC bought a new stake in Healthcare Services Group during the third quarter valued at about $156,000. Cerity Partners LLC bought a new stake in Healthcare Services Group during the 3rd quarter valued at approximately $9,166,000. BNP Paribas Financial Markets grew its holdings in Healthcare Services Group by 9.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 68,196 shares of the business services provider's stock valued at $762,000 after buying an additional 5,656 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in Healthcare Services Group in the 3rd quarter valued at approximately $170,000. Finally, Verition Fund Management LLC bought a new position in Healthcare Services Group in the 3rd quarter worth approximately $231,000. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Up 0.8 %

Healthcare Services Group stock traded up $0.08 on Wednesday, hitting $10.44. The company's stock had a trading volume of 338,860 shares, compared to its average volume of 448,560. Healthcare Services Group, Inc. has a one year low of $9.70 and a one year high of $12.99. The firm has a market cap of $767.21 million, a P/E ratio of 19.33 and a beta of 0.66. The company has a fifty day moving average price of $10.91 and a 200-day moving average price of $11.22.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HCSG shares. StockNews.com downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, Macquarie initiated coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a "neutral" rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.00.

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.