Legato Capital Management LLC Purchases 95,118 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Legato Capital Management LLC raised its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 215.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,263 shares of the business services provider's stock after buying an additional 95,118 shares during the quarter. Legato Capital Management LLC owned about 0.19% of Healthcare Services Group worth $1,618,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HCSG. GAMMA Investing LLC grew its holdings in Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock valued at $25,000 after buying an additional 1,073 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Healthcare Services Group by 804.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after buying an additional 2,428 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Healthcare Services Group by 85.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock valued at $91,000 after buying an additional 3,774 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Healthcare Services Group during the 3rd quarter valued at approximately $116,000. Finally, Intech Investment Management LLC purchased a new position in Healthcare Services Group during the 3rd quarter valued at approximately $156,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Down 4.2 %

HCSG traded down $0.47 during trading hours on Friday, reaching $10.84. 609,817 shares of the company's stock traded hands, compared to its average volume of 366,333. The firm has a 50-day moving average price of $11.55 and a 200 day moving average price of $11.24. Healthcare Services Group, Inc. has a 52-week low of $9.70 and a 52-week high of $13.00. The firm has a market capitalization of $794.46 million, a PE ratio of 15.71 and a beta of 0.56.

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 net margin of 2.95% and a return on equity of 12.59%. Equities analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on HCSG. Benchmark reiterated a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. Macquarie began coverage on Healthcare Services Group in a report on Monday, December 16th. They issued a "neutral" rating and a $13.00 target price for the company. StockNews.com upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Robert W. Baird dropped their target price on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Healthcare Services Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.80.

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.