Charles Schwab Investment Management Inc. Lowers Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Charles Schwab Investment Management Inc. decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 891,367 shares of the business services provider’s stock after selling 302,667 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Healthcare Services Group worth $10,353,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Healthcare Services Group by 100.8% during the fourth quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Healthcare Services Group during the fourth quarter valued at about $25,000. Ieq Capital LLC bought a new position in shares of Healthcare Services Group during the fourth quarter valued at about $118,000. Financial Management Professionals Inc. grew its stake in shares of Healthcare Services Group by 32.4% during the fourth quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock valued at $126,000 after buying an additional 2,653 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Healthcare Services Group during the third quarter valued at about $156,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

NASDAQ HCSG opened at $10.42 on Friday. The stock has a market capitalization of $765.74 million, a PE ratio of 19.30 and a beta of 0.66. Healthcare Services Group, Inc. has a 1 year low of $9.70 and a 1 year high of $12.99. The business’s 50-day moving average is $10.96 and its 200 day moving average is $11.22.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Macquarie assumed 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. StockNews.com cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Healthcare Services Group presently has an average rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group 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.