Azarias Capital Management L.P. Cuts Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Azarias Capital Management L.P. reduced its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 47.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 649,556 shares of the business services provider's stock after selling 581,028 shares during the quarter. Healthcare Services Group comprises about 3.6% of Azarias Capital Management L.P.'s holdings, making the stock its 10th biggest holding. Azarias Capital Management L.P. owned 0.89% of Healthcare Services Group worth $6,548,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Global Alpha Capital Management Ltd. purchased a new position in shares of Healthcare Services Group in the 4th quarter worth about $822,000. Deutsche Bank AG lifted its position in Healthcare Services Group by 14.8% in the 4th 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 lifted its position in Healthcare Services Group by 9.1% in the 4th 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. GAMMA Investing LLC boosted its stake in Healthcare Services Group by 852.4% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Healthcare Services Group by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider's stock worth $1,832,000 after buying an additional 5,347 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG traded down $0.06 during mid-day trading on Monday, hitting $14.30. The stock had a trading volume of 432,360 shares, compared to its average volume of 514,312. The business has a 50 day moving average price of $13.74 and a two-hundred day moving average price of $11.97. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.34. The firm has a market cap of $1.04 billion, a P/E ratio of 25.54 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

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