Rice Hall James & Associates LLC Sells 12,800 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Rice Hall James & Associates LLC reduced its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,339 shares of the business services provider’s stock after selling 12,800 shares during the quarter. Rice Hall James & Associates LLC owned 0.26% of Healthcare Services Group worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Healthcare Services Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock valued at $89,488,000 after purchasing an additional 167,779 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Healthcare Services Group by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock valued at $16,592,000 after buying an additional 111,625 shares during the period. Heartland Advisors Inc. increased its position 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 worth $16,379,000 after acquiring an additional 20,392 shares in the last quarter. Azarias Capital Management L.P. raised its holdings 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 worth $12,979,000 after acquiring an additional 412,704 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Healthcare Services Group by 2,692.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock valued at $13,178,000 after acquiring an additional 944,658 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HCSG. Royal Bank of Canada lowered their target price on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, July 25th. Finally, Robert W. Baird boosted their target price on Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.50.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $10.59 on Thursday. The company’s 50-day moving average price is $10.91 and its two-hundred day moving average price is $11.26. Healthcare Services Group, Inc. has a one year low of $8.75 and a one year high of $13.00. The stock has a market capitalization of $779.91 million, a PE ratio of 18.58 and a beta of 0.53.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The business had revenue of $426.30 million for the quarter, compared to the consensus estimate of $424.94 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. Healthcare Services Group’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that Healthcare Services Group, Inc. will post 0.78 earnings per share for the current fiscal 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.