Russell Investments Group Ltd. Sells 122,448 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Russell Investments Group Ltd. lessened its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 462,939 shares of the business services provider's stock after selling 122,448 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.63% of Healthcare Services Group worth $5,377,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Healthcare Services Group by 100.8% in the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after buying an additional 1,073 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Healthcare Services Group in the fourth quarter worth about $25,000. Ieq Capital LLC bought a new position in shares of Healthcare Services Group in the fourth quarter valued at approximately $118,000. Financial Management Professionals Inc. grew its stake in Healthcare Services Group by 32.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider's stock valued at $126,000 after acquiring an additional 2,653 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Healthcare Services Group during the 4th quarter worth approximately $167,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group currently has a consensus rating of "Hold" and a consensus price target of $14.00.

Healthcare Services Group Trading Down 0.3 %

Shares of Healthcare Services Group stock traded down $0.03 on Friday, hitting $9.52. 442,932 shares of the company traded hands, compared to its average volume of 469,571. Healthcare Services Group, Inc. has a 12-month low of $9.41 and a 12-month high of $12.99. The firm's 50-day simple moving average is $10.40 and its 200 day simple moving average is $11.07. The company has a market cap of $699.61 million, a P/E ratio of 17.63 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. Analysts predict 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.