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

Two Sigma Investments LP lessened its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,174 shares of the business services provider's stock after selling 71,434 shares during the quarter. Two Sigma Investments LP owned approximately 0.54% of Healthcare Services Group worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group in the fourth quarter worth $25,000. Sterling Capital Management LLC raised its stake 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 buying an additional 2,097 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Healthcare Services Group during the 4th quarter worth about $118,000. Ieq Capital LLC acquired a new stake in shares of Healthcare Services Group during the 4th quarter valued at about $118,000. Finally, Dark Forest Capital Management LP bought a new stake in Healthcare Services Group in the fourth quarter valued at about $158,000. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG remained flat at $14.16 during mid-day trading on Friday. 638,513 shares of the stock traded hands, compared to its average volume of 498,877. Healthcare Services Group, Inc. has a one year low of $9.13 and a one year high of $14.90. The company has a 50 day simple moving average of $12.32 and a two-hundred day simple moving average of $11.70. The stock 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 announced 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. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The business had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. During the same period in the prior year, the business posted $0.22 earnings per share. Healthcare Services Group's revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Robert W. Baird boosted their price target on Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. UBS Group upgraded shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Macquarie increased their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Healthcare Services Group presently has a consensus 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.