UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,403 shares of the business services provider’s stock after selling 4,448 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Healthcare Services Group were worth $1,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royce & Associates LP increased its position in shares of Healthcare Services Group by 7.0% during the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after buying an additional 290,621 shares during the period. Dimensional Fund Advisors LP increased its holdings in Healthcare Services Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after acquiring an additional 181,231 shares during the period. Brandes Investment Partners LP increased its holdings in Healthcare Services Group by 12.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock worth $13,983,000 after acquiring an additional 142,997 shares during the period. Azarias Capital Management L.P. lifted its stake in Healthcare Services Group by 50.7% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in Healthcare Services Group in the 3rd quarter valued at $9,166,000. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $12.37 on Tuesday. The firm has a market capitalization of $906.61 million, a PE ratio of 17.93 and a beta of 0.55. Healthcare Services Group, Inc. has a 52-week low of $8.98 and a 52-week high of $13.00. The firm has a fifty day moving average of $11.53 and a 200 day moving average of $11.05.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.