GSA Capital Partners LLP Lowers Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

GSA Capital Partners LLP reduced its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 56.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,295 shares of the business services provider's stock after selling 48,048 shares during the quarter. GSA Capital Partners LLP owned about 0.05% of Healthcare Services Group worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after acquiring an additional 2,428 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider's stock worth $33,000 after acquiring an additional 955 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of 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 worth $91,000 after purchasing an additional 3,774 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Healthcare Services Group during the 3rd quarter valued at about $116,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Healthcare Services Group in the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Price Performance

HCSG opened at $11.39 on Thursday. Healthcare Services Group, Inc. has a 1 year low of $8.98 and a 1 year high of $13.00. The business's 50-day moving average is $11.00 and its two-hundred day moving average is $10.89. The firm has a market capitalization of $834.77 million, a PE ratio of 16.51 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. As a group, sell-side analysts expect that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Benchmark restated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, October 24th. Finally, Robert W. Baird lowered their price objective on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.