Foundry Partners LLC Boosts Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Foundry Partners LLC lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 984,033 shares of the business services provider's stock after purchasing an additional 177,002 shares during the quarter. Foundry Partners LLC owned about 1.34% of Healthcare Services Group worth $11,430,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock valued at $25,000 after acquiring an additional 1,073 shares in the last quarter. Tidal Investments LLC grew its position in shares of Healthcare Services Group by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 78,218 shares of the business services provider's stock valued at $874,000 after acquiring an additional 1,276 shares during the period. Confluence Investment Management LLC increased its position in shares of Healthcare Services Group by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 168,841 shares of the business services provider's stock valued at $1,961,000 after buying an additional 1,897 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Healthcare Services Group in the 4th quarter worth $25,000. Finally, Redmond Asset Management LLC grew its position in shares of Healthcare Services Group by 2.3% in the fourth quarter. Redmond Asset Management LLC now owns 118,756 shares of the business services provider's stock valued at $1,379,000 after purchasing an additional 2,614 shares during the period. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Trading Up 0.5 %

NASDAQ:HCSG traded up $0.05 during trading hours on Wednesday, hitting $9.69. The company had a trading volume of 98,584 shares, compared to its average volume of 465,965. Healthcare Services Group, Inc. has a 1 year low of $9.50 and a 1 year high of $12.99. The company has a 50-day moving average of $10.60 and a 200 day moving average of $11.14. The company has a market cap of $711.73 million, a P/E ratio of 17.82 and a beta of 0.62.

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 the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. On average, analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

HCSG has been the topic of a number of research reports. StockNews.com lowered 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 issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, Macquarie began coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.