Foundry Partners LLC Has $6.71 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Foundry Partners LLC lessened its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,307 shares of the business services provider's stock after selling 318,726 shares during the period. Foundry Partners LLC owned approximately 0.91% of Healthcare Services Group worth $6,706,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in Healthcare Services Group by 1,152.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider's stock worth $1,680,000 after buying an additional 153,333 shares during the last quarter. Palisade Capital Management LP grew its stake in Healthcare Services Group by 0.9% during the first quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock worth $22,558,000 after buying an additional 20,720 shares during the last quarter. Deutsche Bank AG grew its stake in Healthcare Services Group by 14.8% during the fourth quarter. Deutsche Bank AG now owns 176,825 shares of the business services provider's stock worth $2,055,000 after buying an additional 22,834 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Healthcare Services Group by 9.1% during the fourth quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider's stock worth $9,633,000 after buying an additional 68,935 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Healthcare Services Group by 852.4% during the first quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider's stock worth $2,019,000 after buying an additional 18,215 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Analyst Ratings Changes

HCSG has been the topic of several research analyst reports. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Macquarie upped their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Robert W. Baird increased their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

Healthcare Services Group Trading Up 2.4%

Shares of HCSG traded up $0.31 during mid-day trading on Tuesday, hitting $13.05. 1,238,246 shares of the company traded hands, compared to its average volume of 526,001. Healthcare Services Group, Inc. has a one year low of $9.13 and a one year high of $15.73. The business has a 50-day moving average of $14.32 and a 200 day moving average of $12.31. The stock has a market capitalization of $951.61 million, a price-to-earnings ratio of 23.30 and a beta of 0.57.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a net margin of 2.38% and a return on equity of 11.68%. The business had revenue of $447.66 million for the quarter, compared to analysts' expectations of $443.82 million. During the same period in the prior year, the firm earned $0.22 earnings per share. Healthcare Services Group's revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.