Marathon Asset Management Ltd cut its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,415 shares of the business services provider's stock after selling 138,041 shares during the period. Marathon Asset Management Ltd owned about 1.77% of Healthcare Services Group worth $13,037,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of 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 valued at $1,680,000 after acquiring an additional 153,333 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Healthcare Services Group by 1.8% during the 1st quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock worth $1,038,000 after purchasing an additional 1,850 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Healthcare Services Group by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock worth $744,000 after buying an additional 1,297 shares during the last quarter. Bridge City Capital LLC grew its position in Healthcare Services Group by 1.4% during the first quarter. Bridge City Capital LLC now owns 171,424 shares of the business services provider's stock valued at $1,728,000 after buying an additional 2,419 shares during the period. Finally, GAMMA Investing LLC grew its position 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 valued at $2,019,000 after buying an additional 18,215 shares during the period. 97.97% of the stock is owned by hedge funds and other institutional investors.
Healthcare Services Group Price Performance
HCSG traded up $0.50 on Tuesday, hitting $15.53. The company had a trading volume of 775,199 shares, compared to its average volume of 509,392. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $15.72. The stock has a fifty day simple moving average of $14.27 and a 200-day simple moving average of $12.05. The firm has a market capitalization of $1.13 billion, a P/E ratio of 27.73 and a beta of 0.55.
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 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a return on equity of 11.68% and a net margin of 2.38%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. Equities research analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on HCSG. Robert W. Baird increased their target price 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. Macquarie increased their target price 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 report 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.80.
Read Our Latest Report on Healthcare Services Group
About Healthcare Services Group
(
Free Report)
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.
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