Atria Investments Inc Has $542,000 Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Atria Investments Inc lowered its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 17.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,515 shares of the business services provider’s stock after selling 10,070 shares during the period. Atria Investments Inc owned 0.07% of Healthcare Services Group worth $542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC increased its holdings in shares of Healthcare Services Group by 44.4% in the second quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 955 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Healthcare Services Group by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,994 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 1,030 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Healthcare Services Group by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 1,311 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in shares of Healthcare Services Group by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 152,278 shares of the business services provider’s stock valued at $1,611,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 2,428 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analysts Set New Price Targets

HCSG has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, October 24th. Finally, Robert W. Baird lowered their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Stock Up 1.2 %

Shares of NASDAQ HCSG opened at $11.36 on Wednesday. The company’s fifty day moving average is $10.98 and its 200-day moving average is $10.89. The stock has a market cap of $832.59 million, a price-to-earnings ratio of 16.46 and a beta of 0.52. Healthcare Services Group, Inc. has a twelve month low of $8.98 and a twelve month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. On average, research analysts anticipate that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Healthcare Services Group Company 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.