Quadrature Capital Ltd Sells 21,554 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Quadrature Capital Ltd lowered its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,202 shares of the business services provider’s stock after selling 21,554 shares during the quarter. Quadrature Capital Ltd’s holdings in Healthcare Services Group were worth $137,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HCSG. PNC Financial Services Group Inc. increased its holdings in Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after buying an additional 1,714 shares during the period. International Assets Investment Management LLC bought a new position in shares of Healthcare Services Group in the 4th quarter worth $921,000. Corton Capital Inc. purchased a new stake in shares of Healthcare Services Group during the 3rd quarter worth $129,000. MQS Management LLC bought a new stake in Healthcare Services Group during the third quarter valued at about $152,000. Finally, Victory Capital Management Inc. grew its stake in Healthcare Services Group by 14.0% in the fourth quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 1,795 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock opened at $10.58 on Friday. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $15.14. The company has a market capitalization of $779.17 million, a PE ratio of 18.56 and a beta of 0.51. The company has a 50-day simple moving average of $10.80 and a two-hundred day simple moving average of $11.00.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The company had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $424.91 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Healthcare Services Group’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Healthcare Services Group, Inc. will post 0.8 earnings per share for the current fiscal 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.