Penn Capital Management Company LLC Sells 153,868 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Penn Capital Management Company LLC reduced its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,369 shares of the business services provider's stock after selling 153,868 shares during the period. Penn Capital Management Company LLC owned 0.47% of Healthcare Services Group worth $3,977,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of 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 worth $25,000 after purchasing an additional 1,073 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Healthcare Services Group in the fourth quarter worth $25,000. Sterling Capital Management LLC raised its stake in Healthcare Services Group by 803.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after purchasing an additional 2,097 shares in the last quarter. Ieq Capital LLC bought a new stake in Healthcare Services Group during the fourth quarter worth about $118,000. Finally, Bank of Montreal Can acquired a new stake in Healthcare Services Group during the fourth quarter worth about $118,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock traded up $0.12 during trading on Monday, hitting $13.79. The company's stock had a trading volume of 876,125 shares, compared to its average volume of 490,486. The stock has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $11.13. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 25.54 and a beta of 0.62. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $13.87.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $447.66 million during the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. On average, equities analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

HCSG has been the subject of several recent analyst reports. Robert W. Baird upped their target price on Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday. Macquarie lifted their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday. UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their target price for the stock from $12.00 to $15.00 in a report on Thursday. Finally, StockNews.com raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Healthcare Services Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

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.