Rice Hall James & Associates LLC Has $3.77 Million Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Rice Hall James & Associates LLC raised its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 71.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 324,862 shares of the business services provider's stock after acquiring an additional 135,233 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.44% of Healthcare Services Group worth $3,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted 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 valued at $25,000 after acquiring an additional 1,073 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after buying an additional 2,428 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Healthcare Services Group by 85.7% in the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock valued at $91,000 after buying an additional 3,774 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Healthcare Services Group by 1,017.5% in the third quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider's stock valued at $1,150,000 after buying an additional 9,371 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Healthcare Services Group in the third quarter valued at $116,000. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Down 2.0 %

HCSG stock traded down $0.22 during midday trading on Friday, reaching $10.56. The stock had a trading volume of 584,544 shares, compared to its average volume of 455,113. The firm has a market cap of $776.25 million, a price-to-earnings ratio of 19.56 and a beta of 0.56. Healthcare Services Group, Inc. has a twelve month low of $9.70 and a twelve month high of $13.00. The business has a fifty day simple moving average of $11.39 and a two-hundred day simple moving average of $11.22.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, equities analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HCSG has been the subject of a number of research reports. Robert W. Baird lowered their target price on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 24th. StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Benchmark restated a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, Macquarie started coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.00.

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.