Sanctuary Advisors LLC Has $388,000 Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Sanctuary Advisors LLC cut its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,702 shares of the business services provider’s stock after selling 3,233 shares during the quarter. Sanctuary Advisors LLC’s holdings in Healthcare Services Group were worth $388,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC increased its position in Healthcare Services Group by 80.8% in the third quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock worth $1,960,000 after purchasing an additional 78,391 shares during the period. JPMorgan Chase & Co. lifted its stake in Healthcare Services Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock valued at $8,642,000 after acquiring an additional 76,456 shares in the last quarter. Geode Capital Management LLC lifted its stake in Healthcare Services Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock valued at $19,674,000 after acquiring an additional 50,375 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Healthcare Services Group by 86.5% during 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 in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Healthcare Services Group by 39.9% during the 3rd 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 in the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Down 0.5 %

HCSG stock opened at $10.45 on Tuesday. The stock’s 50 day moving average is $11.23 and its 200-day moving average is $11.23. The firm has a market capitalization of $767.95 million, a PE ratio of 19.35 and a beta of 0.56. Healthcare Services Group, Inc. has a twelve month low of $9.70 and a twelve month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HCSG. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Macquarie began coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.