Marathon Asset Management Ltd Has $17.05 Million Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Marathon Asset Management Ltd decreased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,526,695 shares of the business services provider's stock after selling 176,848 shares during the quarter. Marathon Asset Management Ltd owned 2.07% of Healthcare Services Group worth $17,052,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HCSG. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Healthcare Services Group by 2,692.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider's stock valued at $13,178,000 after buying an additional 944,658 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Healthcare Services Group by 2,698.7% during the 1st quarter. Janus Henderson Group PLC now owns 919,069 shares of the business services provider's stock worth $11,470,000 after purchasing an additional 886,230 shares in the last quarter. Azarias Capital Management L.P. increased its position in shares of Healthcare Services Group by 50.7% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider's stock worth $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Healthcare Services Group during the 1st quarter worth about $3,765,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Healthcare Services Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider's stock worth $21,766,000 after purchasing an additional 181,231 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Stock Down 1.1 %

NASDAQ:HCSG traded down $0.12 during mid-day trading on Friday, reaching $10.62. 212,809 shares of the company were exchanged, compared to its average volume of 504,591. Healthcare Services Group, Inc. has a 12 month low of $8.75 and a 12 month high of $13.00. The company has a fifty day moving average of $10.72 and a 200 day moving average of $10.95. The stock has a market cap of $782.12 million, a PE ratio of 18.86 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The firm had revenue of $426.30 million for the quarter, compared to analyst estimates of $424.94 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company's revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCSG has been the subject of a number of recent analyst reports. Benchmark reiterated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, July 25th. Robert W. Baird increased their target price on shares of Healthcare Services Group from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada dropped their target price on shares of Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.50.

Healthcare Services Group Company 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.