Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 901,342 shares of the business services provider's stock after selling 268,132 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.23% of Healthcare Services Group worth $10,469,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dean Capital Management bought a new position in Healthcare Services Group in the fourth quarter valued at about $1,757,000. Caption Management LLC bought a new stake in Healthcare Services Group during the 4th quarter valued at approximately $244,000. Ameriprise Financial Inc. raised its stake in Healthcare Services Group by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 959,293 shares of the business services provider's stock valued at $11,142,000 after purchasing an additional 53,628 shares during the period. PDT Partners LLC increased its stake in Healthcare Services Group by 80.4% in the 4th quarter. PDT Partners LLC now owns 76,992 shares of the business services provider's stock worth $894,000 after acquiring an additional 34,323 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Healthcare Services Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 771,772 shares of the business services provider's stock worth $8,964,000 after acquiring an additional 59,829 shares during the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG traded down $0.20 during midday trading on Monday, hitting $14.60. The company had a trading volume of 169,994 shares, compared to its average volume of 501,763. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $14.90. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 27.04 and a beta of 0.55. The business's 50-day simple moving average is $11.60 and its 200-day simple moving average is $11.52.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The business had revenue of $447.66 million during the quarter, compared to analysts' expectations of $443.82 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HCSG shares. Robert W. Baird boosted their target price on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Macquarie upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, StockNews.com upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Healthcare Services Group presently has an average rating of "Moderate Buy" and a consensus price target of $14.80.

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.