Two Sigma Advisers LP Sells 74,000 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Two Sigma Advisers LP decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,100 shares of the business services provider's stock after selling 74,000 shares during the period. Two Sigma Advisers LP owned about 0.55% of Healthcare Services Group worth $4,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Healthcare Services Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,461 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after acquiring an additional 2,097 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Healthcare Services Group during the fourth quarter valued at approximately $25,000. MetLife Investment Management LLC lifted its holdings in shares of Healthcare Services Group by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 46,091 shares of the business services provider's stock worth $535,000 after acquiring an additional 2,465 shares during the last quarter. Finally, Redmond Asset Management LLC boosted its holdings in shares of Healthcare Services Group by 2.3% in the 4th quarter. Redmond Asset Management LLC now owns 118,756 shares of the business services provider's stock worth $1,379,000 after purchasing an additional 2,614 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HCSG. Macquarie raised their price target 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 raised 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. Robert W. Baird raised their price objective on 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, 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.80.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG traded down $0.08 during midday trading on Friday, reaching $14.08. 86,028 shares of the company's stock traded hands, compared to its average volume of 502,136. Healthcare Services Group, Inc. has a one year low of $9.13 and a one year high of $14.90. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 26.12 and a beta of 0.55. The stock has a 50 day moving average of $12.25 and a 200 day moving average of $11.69.

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 firm had revenue of $447.66 million for the quarter, compared to analysts' expectations of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. Sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal 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.