Two Sigma Investments LP Sells 71,434 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Two Sigma Investments LP decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 397,174 shares of the business services provider's stock after selling 71,434 shares during the quarter. Two Sigma Investments LP owned about 0.54% of Healthcare Services Group worth $4,613,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HCSG. Legato Capital Management LLC raised its stake in Healthcare Services Group by 215.5% during the fourth quarter. Legato Capital Management LLC now owns 139,263 shares of the business services provider's stock valued at $1,618,000 after buying an additional 95,118 shares during the last quarter. Stanley Laman Group Ltd. raised its stake in Healthcare Services Group by 3.0% during the fourth quarter. Stanley Laman Group Ltd. now owns 357,906 shares of the business services provider's stock valued at $4,157,000 after buying an additional 10,325 shares during the last quarter. Principal Financial Group Inc. raised its stake in Healthcare Services Group by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 355,419 shares of the business services provider's stock valued at $4,128,000 after buying an additional 9,492 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Healthcare Services Group by 71.3% during the fourth quarter. Rice Hall James & Associates LLC now owns 324,862 shares of the business services provider's stock valued at $3,773,000 after buying an additional 135,233 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Healthcare Services Group by 16.9% during the fourth quarter. New York State Common Retirement Fund now owns 720,267 shares of the business services provider's stock valued at $8,366,000 after buying an additional 104,157 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Performance

Shares of HCSG stock remained flat at $14.16 during mid-day trading on Friday. The stock had a trading volume of 638,513 shares, compared to its average volume of 504,556. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $14.90. The company has a 50-day moving average of $12.32 and a 200-day moving average of $11.71. The firm has a market capitalization of $1.03 billion, a PE ratio of 26.22 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The firm had revenue of $447.66 million during the quarter, compared to analysts' expectations of $443.82 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HCSG shares. Macquarie lifted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. Wall Street Zen upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Robert W. Baird boosted their price target on Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating 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 company. Based on data from MarketBeat.com, Healthcare Services Group currently has an average rating of "Moderate Buy" and an average price target of $14.80.

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.