Royce & Associates LP Acquires 219,103 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Royce & Associates LP lifted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,668,599 shares of the business services provider's stock after acquiring an additional 219,103 shares during the period. Royce & Associates LP owned approximately 6.37% of Healthcare Services Group worth $54,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Healthcare Services Group during the third quarter worth about $156,000. Foundry Partners LLC raised its stake in shares of Healthcare Services Group by 86.5% during the third quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider's stock worth $9,015,000 after acquiring an additional 374,301 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Healthcare Services Group during the third quarter worth approximately $9,166,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 worth $762,000 after acquiring an additional 5,656 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Healthcare Services Group in the 3rd quarter valued at $170,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Down 3.5 %

Shares of NASDAQ:HCSG traded down $0.38 during midday trading on Thursday, hitting $10.55. 414,621 shares of the stock traded hands, compared to its average volume of 445,473. The business's 50 day moving average is $11.01 and its two-hundred day moving average is $11.23. The stock has a market capitalization of $775.30 million, a PE ratio of 19.54 and a beta of 0.66. Healthcare Services Group, Inc. has a one year low of $9.70 and a one year high of $12.99.

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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 EPS 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%. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 price target for the company. Benchmark reissued a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.