Dimensional Fund Advisors LP Purchases 62,689 Shares of Healthcare Services Group, Inc. $HCSG

Dimensional Fund Advisors LP lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,400,681 shares of the business services provider's stock after purchasing an additional 62,689 shares during the quarter. Dimensional Fund Advisors LP owned 3.50% of Healthcare Services Group worth $44,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Healthcare Services Group during the 4th quarter valued at about $33,000. KBC Group NV bought a new position in Healthcare Services Group during the first quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its position in Healthcare Services Group by 163.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,356 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Healthcare Services Group by 32.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider's stock worth $69,000 after acquiring an additional 877 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new position in shares of Healthcare Services Group during the first quarter worth approximately $168,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $23.30 on Monday. The firm's fifty day moving average is $22.87 and its 200 day moving average is $21.10. Healthcare Services Group, Inc. has a 52 week low of $12.84 and a 52 week high of $25.75. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 13.55 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. Healthcare Services Group had a net margin of 6.59% and a return on equity of 18.97%. The business had revenue of $470.81 million during the quarter, compared to analysts' expectations of $471.22 million. During the same quarter in the prior year, the company posted ($0.44) EPS. Equities research analysts anticipate that Healthcare Services Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HCSG. BMO Capital Markets upped their price objective on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a "market perform" rating in a research note on Thursday, April 23rd. Zacks Research cut shares of Healthcare Services Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group raised their price objective on Healthcare Services Group from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Finally, Benchmark boosted their target price on Healthcare Services Group from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.20.

Healthcare Services Group Profile

Healthcare Services Group, Inc NASDAQ: HCSG is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.

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