Heartland Advisors Inc. Sells 305,403 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Heartland Advisors Inc. trimmed its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,292,053 shares of the business services provider's stock after selling 305,403 shares during the quarter. Heartland Advisors Inc. owned 1.75% of Healthcare Services Group worth $13,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Healthcare Services Group by 91.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,561,283 shares of the business services provider's stock worth $16,191,000 after buying an additional 744,527 shares in the last quarter. Brandes Investment Partners LP increased its stake in Healthcare Services Group by 336.6% in the 3rd quarter. Brandes Investment Partners LP now owns 843,802 shares of the business services provider's stock worth $8,801,000 after buying an additional 650,545 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Healthcare Services Group in the 3rd quarter worth $3,253,000. AQR Capital Management LLC increased its stake in Healthcare Services Group by 269.6% in the 3rd quarter. AQR Capital Management LLC now owns 417,110 shares of the business services provider's stock worth $4,350,000 after buying an additional 304,258 shares in the last quarter. Finally, Numerai GP LLC purchased a new stake in Healthcare Services Group in the 3rd quarter worth $3,007,000. 97.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HCSG shares. Robert W. Baird raised their price objective on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. StockNews.com raised shares of Healthcare Services Group from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Benchmark lifted their price target on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a "buy" 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 stock an "outperform" rating in a report on Thursday, February 15th. Finally, UBS Group lifted their price target 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.50.

Healthcare Services Group Trading Up 1.5 %

Shares of Healthcare Services Group stock traded up $0.17 during trading hours on Tuesday, reaching $11.43. The stock had a trading volume of 638,035 shares, compared to its average volume of 534,040. The stock's 50 day moving average is $11.81 and its 200 day moving average is $10.83. The firm has a market capitalization of $841.82 million, a PE ratio of 20.05 and a beta of 0.52. Healthcare Services Group, Inc. has a twelve month low of $8.75 and a twelve month high of $15.14.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.8 earnings per share 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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