Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 665,307 shares of the business services provider's stock after selling 318,726 shares during the period. Foundry Partners LLC owned 0.91% of Healthcare Services Group worth $6,706,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Healthcare Services Group in the fourth quarter worth about $5,909,000. Franklin Resources Inc. raised its position in Healthcare Services Group by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock valued at $9,229,000 after purchasing an additional 234,025 shares during the period. Dean Investment Associates LLC purchased a new stake in shares of Healthcare Services Group in the fourth quarter worth approximately $2,607,000. Dimensional Fund Advisors LP raised its holdings in shares of Healthcare Services Group by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock worth $29,313,000 after buying an additional 208,810 shares during the period. Finally, Invenomic Capital Management LP increased its holdings in Healthcare Services Group by 67.9% during the 4th quarter. Invenomic Capital Management LP now owns 483,511 shares of the business services provider's stock worth $5,616,000 after purchasing an additional 195,516 shares during the period. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Trading Down 2.3%

NASDAQ:HCSG traded down $0.30 during trading hours on Friday, hitting $12.69. The company's stock had a trading volume of 627,847 shares, compared to its average volume of 521,996. The stock has a market capitalization of $925.35 million, a P/E ratio of 22.66 and a beta of 0.57. The stock has a fifty day moving average of $14.38 and a 200-day moving average of $12.29. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $15.73.

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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.68% and a net margin of 2.38%. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. During the same quarter last year, the company posted $0.22 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on HCSG shares. Macquarie raised their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Robert W. Baird lifted their price target on 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, Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.