Vanguard Group Inc. Has $88.26 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Vanguard Group Inc. trimmed its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 4.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,461,738 shares of the business services provider's stock after selling 361,807 shares during the period. Vanguard Group Inc. owned approximately 11.46% of Healthcare Services Group worth $88,256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in shares of Healthcare Services Group during the 3rd quarter worth about $3,253,000. Deutsche Bank AG lifted its holdings in shares of Healthcare Services Group by 12.9% during the 3rd quarter. Deutsche Bank AG now owns 39,615 shares of the business services provider's stock worth $413,000 after acquiring an additional 4,534 shares during the period. Connors Investor Services Inc. lifted its holdings in shares of Healthcare Services Group by 29.3% during the 3rd quarter. Connors Investor Services Inc. now owns 241,519 shares of the business services provider's stock worth $2,513,000 after acquiring an additional 54,668 shares during the period. Comerica Bank bought a new position in shares of Healthcare Services Group during the 3rd quarter worth about $370,000. Finally, Morgan Stanley lifted its holdings in shares of Healthcare Services Group by 39.8% during the 3rd quarter. Morgan Stanley now owns 1,867,209 shares of the business services provider's stock worth $19,475,000 after acquiring an additional 531,600 shares during the period. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG traded down $0.07 during trading on Friday, reaching $12.21. The company had a trading volume of 201,513 shares, compared to its average volume of 379,698. Healthcare Services Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.97. The stock has a market cap of $898.41 million, a PE ratio of 23.04 and a beta of 0.49. The business's 50 day moving average price is $11.67 and its 200-day moving average price is $10.61.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its earnings results on Wednesday, February 14th. The business services provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. Healthcare Services Group had a net margin of 2.30% and a return on equity of 10.81%. The company had revenue of $423.80 million during the quarter, compared to the consensus estimate of $424.57 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company's revenue was up .0% on a year-over-year basis. Equities analysts anticipate that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HCSG shares. UBS Group raised their price objective on shares of Healthcare Services Group from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Benchmark lifted their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Robert W. Baird lifted their price target on shares of Healthcare Services Group from $10.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Finally, StockNews.com raised shares of Healthcare Services Group from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group presently has an average rating of "Hold" and an average target price of $14.50.

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.