Savant Capital LLC Has $204,000 Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Savant Capital LLC reduced its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,603 shares of the business services provider’s stock after selling 2,263 shares during the quarter. Savant Capital LLC’s holdings in Healthcare Services Group were worth $204,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in Healthcare Services Group by 80.8% during the 3rd quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock worth $1,960,000 after buying an additional 78,391 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Healthcare Services Group by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock worth $8,642,000 after purchasing an additional 76,456 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Healthcare Services Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after purchasing an additional 50,375 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Healthcare Services Group by 86.5% in the third 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. Finally, Franklin Resources Inc. raised its stake in shares of Healthcare Services Group by 39.9% in the third quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider’s stock worth $5,858,000 after purchasing an additional 159,878 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCSG has been the subject of several analyst reports. Macquarie initiated coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective for the company. Robert W. Baird lowered their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Trading Up 0.7 %

Shares of HCSG opened at $10.67 on Thursday. The company has a market capitalization of $782.00 million, a price-to-earnings ratio of 19.76 and a beta of 0.56. The stock has a 50 day moving average of $11.43 and a 200 day moving average of $11.23. Healthcare Services Group, Inc. has a 12 month low of $9.70 and a 12 month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, equities research analysts predict 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.