Dimensional Fund Advisors LP Purchases 208,810 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Dimensional Fund Advisors LP raised its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,523,745 shares of the business services provider's stock after buying an additional 208,810 shares during the quarter. Dimensional Fund Advisors LP owned 3.44% of Healthcare Services Group worth $29,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Healthcare Services Group by 100.8% in the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after acquiring an additional 1,073 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Healthcare Services Group during the 4th quarter worth about $25,000. Sterling Capital Management LLC lifted its holdings in shares of Healthcare Services Group by 803.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after buying an additional 2,097 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Healthcare Services Group in the 4th quarter valued at approximately $118,000. Finally, Bank of Montreal Can acquired a new position in Healthcare Services Group in the fourth quarter worth approximately $118,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG traded down $0.02 during trading hours on Friday, hitting $14.33. 799,951 shares of the company's stock were exchanged, compared to its average volume of 502,381. The company's 50-day moving average price is $11.22 and its 200-day moving average price is $11.40. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $14.80. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.54 and a beta of 0.55.

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

Analysts Set New Price Targets

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

About Healthcare Services Group

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.