Healthcare Services Group, Inc. (NASDAQ:HCSG) Position Reduced by Marathon Asset Management Ltd

Marathon Asset Management Ltd reduced its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,293,415 shares of the business services provider's stock after selling 138,041 shares during the quarter. Marathon Asset Management Ltd owned approximately 1.77% of Healthcare Services Group worth $13,037,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of Healthcare Services Group in the 4th quarter worth about $166,278,000. Vanguard Group Inc. lifted its position in shares of Healthcare Services Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock worth $96,133,000 after buying an additional 23,373 shares during the last quarter. Royce & Associates LP lifted its position in shares of Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider's stock worth $54,226,000 after buying an additional 219,103 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Healthcare Services Group by 9.0% in the 4th 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 last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Healthcare Services Group by 12.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock worth $14,714,000 after buying an additional 140,708 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HCSG has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. UBS Group upgraded shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Thursday, April 24th. Macquarie lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $14.80.

Healthcare Services Group Stock Up 0.2%

Shares of NASDAQ:HCSG opened at $14.93 on Friday. The company has a market cap of $1.09 billion, a PE ratio of 26.66 and a beta of 0.55. The company's 50-day moving average price is $14.15 and its 200 day moving average price is $12.04. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $15.34.

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 for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $447.66 million for the quarter, compared to the consensus estimate of $443.82 million. Healthcare Services Group had a net margin of 2.38% and a return on equity of 11.68%. Healthcare Services Group's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

About Healthcare Services Group

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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