Sanctuary Advisors LLC Trims Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Sanctuary Advisors LLC cut its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSGFree Report) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,935 shares of the business services provider’s stock after selling 3,790 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.05% of Healthcare Services Group worth $443,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HCSG. Cerity Partners LLC bought a new stake in shares of Healthcare Services Group in the third quarter worth $9,166,000. Foundry Partners LLC increased its position in shares of Healthcare Services Group by 86.5% in the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock worth $9,015,000 after purchasing an additional 374,301 shares during the last quarter. Royce & Associates LP raised its stake in shares of Healthcare Services Group by 7.0% in the 3rd quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after purchasing an additional 290,621 shares in the last quarter. Invenomic Capital Management LP bought a new position in shares of Healthcare Services Group during the third quarter worth about $3,217,000. Finally, State Street Corp lifted its position in shares of Healthcare Services Group by 8.3% during the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock worth $33,112,000 after purchasing an additional 226,818 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HCSG shares. Macquarie began coverage on Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective on the stock. Robert W. Baird reduced their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Benchmark restated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $13.80.

View Our Latest Stock Analysis on Healthcare Services Group

Healthcare Services Group Stock Performance

HCSG stock opened at $11.67 on Friday. The stock’s fifty day moving average is $11.69 and its two-hundred day moving average is $11.09. The stock has a market capitalization of $855.31 million, a price-to-earnings ratio of 16.91 and a beta of 0.55. Healthcare Services Group, Inc. has a 1 year low of $8.98 and a 1 year high of $13.00.

Healthcare Services Group (NASDAQ:HCSGGet Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same period in the previous year, the business posted $0.17 EPS. Healthcare Services Group’s revenue was up 4.1% on a year-over-year basis. As a group, analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Healthcare Services Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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