Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lowered its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,431,456 shares of the business services provider's stock after selling 95,239 shares during the period. Marathon Asset Management Ltd owned about 1.95% of Healthcare Services Group worth $16,626,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HCSG. SBI Securities Co. Ltd. bought a new stake in shares of Healthcare Services Group in the fourth quarter worth about $25,000. Redmond Asset Management LLC increased its stake in Healthcare Services Group by 2.3% in the 4th quarter. Redmond Asset Management LLC now owns 118,756 shares of the business services provider's stock worth $1,379,000 after acquiring an additional 2,614 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Healthcare Services Group during the 4th quarter worth approximately $244,000. Ieq Capital LLC bought a new position in shares of Healthcare Services Group during the 4th quarter valued at approximately $118,000. Finally, New York State Common Retirement Fund grew its stake in shares of Healthcare Services Group by 16.9% in the 4th quarter. New York State Common Retirement Fund now owns 720,267 shares of the business services provider's stock worth $8,366,000 after buying an additional 104,157 shares in the last quarter. Institutional investors own 97.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HCSG. Macquarie initiated coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $13.00 price target for the company. StockNews.com cut shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a "buy" rating and set a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.00.

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Healthcare Services Group Trading Up 1.1 %

Shares of NASDAQ HCSG traded up $0.11 during mid-day trading on Thursday, reaching $10.55. The company had a trading volume of 365,395 shares, compared to its average volume of 444,083. The stock has a market cap of $775.30 million, a price-to-earnings ratio of 19.54 and a beta of 0.66. The business's 50-day moving average is $11.17 and its 200-day moving average is $11.22. Healthcare Services Group, Inc. has a 52 week low of $9.70 and a 52 week high of $13.00.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.