Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Acquired by Royce & Associates LP

Royce & Associates LP raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,449,496 shares of the business services provider's stock after purchasing an additional 290,621 shares during the period. Royce & Associates LP owned about 6.07% of Healthcare Services Group worth $49,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HCSG. Janus Henderson Group PLC raised its stake in Healthcare Services Group by 2,698.7% during the first quarter. Janus Henderson Group PLC now owns 919,069 shares of the business services provider's stock valued at $11,470,000 after buying an additional 886,230 shares in the last quarter. Azarias Capital Management L.P. lifted its stake in Healthcare Services Group by 50.7% during the second 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 during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Healthcare Services Group in the first quarter worth $3,765,000. Dimensional Fund Advisors LP boosted its holdings in Healthcare Services Group by 9.7% in the second 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 during the period. Finally, Foundry Partners LLC increased its stake in Healthcare Services Group by 59.9% during the second quarter. Foundry Partners LLC now owns 432,730 shares of the business services provider's stock valued at $4,578,000 after purchasing an additional 162,165 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Down 3.3 %

NASDAQ HCSG traded down $0.39 on Friday, hitting $11.54. The stock had a trading volume of 405,265 shares, compared to its average volume of 495,523. The company's 50-day moving average is $10.91 and its two-hundred day moving average is $10.86. The stock has a market cap of $845.78 million, a price-to-earnings ratio of 17.29 and a beta of 0.52. Healthcare Services Group, Inc. has a one year low of $8.98 and a one year high of $13.00.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, October 24th. Royal Bank of Canada lowered their target price on Healthcare Services Group from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Finally, Benchmark reissued a "buy" rating and issued a $17.00 price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, Healthcare Services Group currently has an average rating of "Hold" and an average price target 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.