Pacific Ridge Capital Partners LLC Sells 23,520 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Pacific Ridge Capital Partners LLC lessened its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 20.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,194 shares of the business services provider’s stock after selling 23,520 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Healthcare Services Group were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Foundry Partners LLC lifted its holdings in shares of Healthcare Services Group by 2.0% during the 1st quarter. Foundry Partners LLC now owns 270,565 shares of the business services provider’s stock valued at $3,377,000 after purchasing an additional 5,355 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Healthcare Services Group by 30.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,894 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 6,570 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Healthcare Services Group by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,994 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 1,030 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Healthcare Services Group by 8.8% during the 1st quarter. Russell Investments Group Ltd. now owns 372,090 shares of the business services provider’s stock valued at $4,644,000 after purchasing an additional 30,184 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Healthcare Services Group during the 1st quarter valued at about $27,000. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Down 1.1 %

Shares of NASDAQ:HCSG traded down $0.13 during trading on Friday, hitting $11.49. 362,063 shares of the company’s stock traded hands, compared to its average volume of 549,403. Healthcare Services Group, Inc. has a 52 week low of $8.75 and a 52 week high of $14.95. The company has a market cap of $846.24 million, a price-to-earnings ratio of 20.16 and a beta of 0.53. The company has a 50-day moving average price of $10.81 and a 200-day moving average price of $11.09.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $424.91 million. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts predict that Healthcare Services Group, Inc. will post 0.8 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.