38,900 Shares in Healthcare Services Group, Inc. $HCSG Acquired by Bailard Inc.

Bailard Inc. bought a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,900 shares of the business services provider’s stock, valued at approximately $655,000. Bailard Inc. owned approximately 0.06% of Healthcare Services Group as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Trail Ridge Investment Advisors LLC grew its holdings in shares of Healthcare Services Group by 2.6% in the third quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock valued at $409,000 after purchasing an additional 609 shares during the period. Amalgamated Bank grew its stake in shares of Healthcare Services Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 21,563 shares of the business services provider’s stock valued at $363,000 after buying an additional 719 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Healthcare Services Group by 6.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,721 shares of the business services provider’s stock valued at $281,000 after buying an additional 1,135 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Healthcare Services Group by 8.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 15,925 shares of the business services provider’s stock worth $239,000 after buying an additional 1,224 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,356 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

HCSG has been the subject of several analyst reports. Macquarie reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Wednesday, November 26th. Benchmark increased their price target on Healthcare Services Group from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Zacks Research cut shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.40.

Healthcare Services Group Trading Down 0.5%

HCSG opened at $18.91 on Friday. The stock’s 50-day moving average price is $18.88 and its 200 day moving average price is $16.80. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $20.26. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 35.02 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $464.34 million during the quarter, compared to the consensus estimate of $460.36 million. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.Healthcare Services Group’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. On average, research analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Healthcare Services Group Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.