Foundry Partners LLC Boosts Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Foundry Partners LLC boosted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 59.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,730 shares of the business services provider's stock after buying an additional 162,165 shares during the quarter. Foundry Partners LLC owned approximately 0.59% of Healthcare Services Group worth $4,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. National Bank of Canada FI raised its position in shares of Healthcare Services Group by 537.7% in the fourth quarter. National Bank of Canada FI now owns 134,625 shares of the business services provider's stock valued at $1,432,000 after buying an additional 113,514 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Healthcare Services Group by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider's stock valued at $16,592,000 after acquiring an additional 111,625 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Healthcare Services Group in the 1st quarter valued at about $2,259,000. Vanguard Group Inc. lifted its stake in Healthcare Services Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider's stock worth $89,488,000 after purchasing an additional 167,779 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Healthcare Services Group during the 1st quarter worth approximately $3,765,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

HCSG traded down $0.28 during trading hours on Friday, reaching $10.49. The company's stock had a trading volume of 251,203 shares, compared to its average volume of 521,644. The stock has a market cap of $772.55 million, a PE ratio of 18.40 and a beta of 0.53. Healthcare Services Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $13.00. The business's 50-day moving average is $10.92 and its 200-day moving average is $11.28.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. The business had revenue of $426.30 million during the quarter, compared to analysts' expectations of $424.94 million. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The company's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Analysts expect that Healthcare Services Group, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HCSG shares. Benchmark reaffirmed a "buy" rating and issued a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, July 25th. Robert W. Baird raised their target price on Healthcare Services Group from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reduced their price target on Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.50.

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.