Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC reduced its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 572,260 shares of the business services provider's stock after selling 271,460 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.78% of Healthcare Services Group worth $6,392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HCSG. Centiva Capital LP acquired a new position in shares of Healthcare Services Group in the 3rd quarter valued at about $311,000. Verition Fund Management LLC purchased a new position in Healthcare Services Group in the third quarter valued at approximately $231,000. Glenmede Trust Co. NA purchased a new stake in Healthcare Services Group during the third quarter worth approximately $170,000. BNP Paribas Financial Markets increased its position in shares of Healthcare Services Group by 9.0% in the third 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 in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Healthcare Services Group in the third quarter worth $9,166,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on HCSG shares. Robert W. Baird cut their price objective on 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. Benchmark reiterated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, October 24th. Three 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 stock has a consensus rating of "Hold" and an average price target of $14.00.

Healthcare Services Group Price Performance

HCSG traded up $0.07 during trading hours on Friday, hitting $12.42. 205,384 shares of the stock were exchanged, compared to its average volume of 488,777. Healthcare Services Group, Inc. has a 12 month low of $8.98 and a 12 month high of $13.00. The stock has a 50-day simple moving average of $11.21 and a 200-day simple moving average of $10.97. The stock has a market cap of $910.27 million, a price-to-earnings ratio of 17.90 and a beta of 0.55.

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

About Healthcare Services Group

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.