Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Acquired by Cwm LLC

Cwm LLC grew its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 22.4% during the 3rd quarter, Holdings Channel reports. The firm owned 19,152 shares of the business services provider’s stock after buying an additional 3,511 shares during the period. Cwm LLC’s holdings in Healthcare Services Group were worth $214,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Healthcare Services Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after buying an additional 167,779 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Healthcare Services Group by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock valued at $21,766,000 after buying an additional 181,231 shares during the period. Brandes Investment Partners LP lifted its stake in shares of Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock valued at $13,983,000 after buying an additional 142,997 shares during the period. Heartland Advisors Inc. lifted its stake in shares of Healthcare Services Group by 1.6% during the first quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock valued at $16,379,000 after buying an additional 20,392 shares during the period. Finally, Azarias Capital Management L.P. lifted its stake in shares of Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after buying an additional 412,704 shares during the period. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Performance

Shares of HCSG opened at $10.29 on Wednesday. The company has a market capitalization of $757.82 million, a P/E ratio of 18.05 and a beta of 0.52. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $13.00. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.89.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The firm had revenue of $426.30 million for the quarter, compared to analysts’ expectations of $424.94 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Healthcare Services Group’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Healthcare Services Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HCSG has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, July 25th. Finally, Robert W. Baird increased their price target on shares of Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.50.

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.