Numerai GP LLC Sells 36,062 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Numerai GP LLC decreased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,042 shares of the business services provider's stock after selling 36,062 shares during the period. Numerai GP LLC owned about 0.14% of Healthcare Services Group worth $1,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in Healthcare Services Group in the fourth quarter worth $166,278,000. Vanguard Group Inc. boosted its holdings in shares of Healthcare Services Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock worth $96,133,000 after purchasing an additional 23,373 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider's stock worth $54,226,000 after purchasing an additional 219,103 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Healthcare Services Group by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock valued at $29,313,000 after purchasing an additional 208,810 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Healthcare Services Group by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock valued at $14,714,000 after buying an additional 140,708 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HCSG. UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $15.00 in a research note on Thursday, April 24th. StockNews.com upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Macquarie increased their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Robert W. Baird increased their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Two investment 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 an average rating of "Moderate Buy" and a consensus target price of $14.80.

Healthcare Services Group Stock Performance

HCSG traded up $0.34 on Friday, hitting $14.80. 544,220 shares of the company were exchanged, compared to its average volume of 503,043. The firm has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $11.52. The stock has a market capitalization of $1.08 billion, a PE ratio of 27.41 and a beta of 0.55. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $14.90.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $443.82 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Healthcare Services Group, Inc. will post 0.74 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.