Cambiar Investors LLC Sells 41,381 Shares of Healthcare Services Group, Inc. $HCSG

Cambiar Investors LLC lessened its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 36.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,953 shares of the business services provider’s stock after selling 41,381 shares during the period. Cambiar Investors LLC owned 0.10% of Healthcare Services Group worth $1,228,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HCSG. Geode Capital Management LLC increased its stake in Healthcare Services Group by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,883,225 shares of the business services provider’s stock worth $28,309,000 after acquiring an additional 29,551 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Healthcare Services Group by 240.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,496,835 shares of the business services provider’s stock worth $22,497,000 after purchasing an additional 1,056,705 shares in the last quarter. American Century Companies Inc. increased its position in shares of Healthcare Services Group by 183.0% in the second quarter. American Century Companies Inc. now owns 1,278,993 shares of the business services provider’s stock worth $19,223,000 after purchasing an additional 827,057 shares during the last quarter. Invesco Ltd. increased its position in shares of Healthcare Services Group by 19.4% in the second quarter. Invesco Ltd. now owns 747,822 shares of the business services provider’s stock worth $11,240,000 after purchasing an additional 121,263 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Healthcare Services Group by 0.9% in the second quarter. New York State Common Retirement Fund now owns 723,675 shares of the business services provider’s stock valued at $10,877,000 after purchasing an additional 6,297 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCSG. Macquarie reissued a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. UBS Group reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Monday, November 24th. Wall Street Zen downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Monday, December 29th. Finally, BMO Capital Markets started coverage on Healthcare Services Group in a research report on Thursday, November 13th. They set a “market perform” rating and a $20.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.40.

Healthcare Services Group Trading Down 0.5%

Shares of NASDAQ:HCSG opened at $18.55 on Thursday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 34.35 and a beta of 0.71. The stock’s 50-day moving average price is $18.98 and its 200-day moving average price is $16.92. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $20.26.

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.