Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 53.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,947 shares of the business services provider's stock after acquiring an additional 67,534 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.26% of Healthcare Services Group worth $2,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Healthcare Services Group during the fourth quarter worth $5,909,000. Invesco Ltd. grew its position in shares of Healthcare Services Group by 5.2% in the fourth quarter. Invesco Ltd. now owns 674,622 shares of the business services provider's stock valued at $7,836,000 after purchasing an additional 33,536 shares during the period. Bank of Montreal Can purchased a new stake in Healthcare Services Group in the fourth quarter valued at approximately $118,000. Envestnet Asset Management Inc. increased its position in Healthcare Services Group by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,562 shares of the business services provider's stock worth $1,679,000 after purchasing an additional 6,303 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Healthcare Services Group by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 49,175 shares of the business services provider's stock worth $571,000 after purchasing an additional 8,594 shares during the period. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Down 0.3 %

Shares of HCSG traded down $0.03 during mid-day trading on Friday, reaching $9.52. 442,932 shares of the stock traded hands, compared to its average volume of 469,571. The stock has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.07. Healthcare Services Group, Inc. has a 12-month low of $9.41 and a 12-month high of $12.99. The firm has a market cap of $699.61 million, a price-to-earnings ratio of 17.63 and a beta of 0.62.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $14.00.

Healthcare Services Group 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.