Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 64.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,131 shares of the business services provider’s stock after selling 23,955 shares during the period. Cerity Partners LLC’s holdings in Healthcare Services Group were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in Healthcare Services Group by 803.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 2,097 shares during the period. Bank of Montreal Can acquired a new stake in Healthcare Services Group during the 4th quarter valued at approximately $118,000. PharVision Advisers LLC acquired a new stake in Healthcare Services Group during the 4th quarter valued at approximately $147,000. Dark Forest Capital Management LP acquired a new stake in Healthcare Services Group during the 4th quarter valued at approximately $158,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Healthcare Services Group during the 4th quarter valued at approximately $167,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCSG has been the subject of several research reports. Macquarie upgraded shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $15.00 to $16.00 in a research note on Tuesday. UBS Group upgraded shares of Healthcare Services Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Wall Street Zen cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Benchmark boosted their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Healthcare Services Group Price Performance

HCSG opened at $13.27 on Wednesday. The firm has a fifty day moving average price of $14.22 and a 200 day moving average price of $12.38. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.73. The stock has a market cap of $960.88 million, a P/E ratio of 94.79 and a beta of 0.57.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The firm had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $450.78 million. During the same period in the previous year, the business posted $0.20 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Equities analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

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.