Royce & Associates LP Has $48.22 Million Stock Holdings in Healthcare Services Group, Inc. $HCSG

Royce & Associates LP decreased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,864,997 shares of the business services provider’s stock after selling 170,127 shares during the period. Royce & Associates LP owned about 4.07% of Healthcare Services Group worth $48,218,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Healthcare Services Group by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,883,225 shares of the business services provider’s stock worth $28,309,000 after buying an additional 29,551 shares in the last quarter. American Century Companies Inc. grew its holdings in Healthcare Services Group by 38.1% during the 3rd quarter. American Century Companies Inc. now owns 1,766,601 shares of the business services provider’s stock worth $29,732,000 after acquiring an additional 487,608 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 acquiring an additional 1,056,705 shares during the last quarter. Invesco Ltd. lifted its position in Healthcare Services Group by 19.4% during the 2nd quarter. Invesco Ltd. now owns 747,822 shares of the business services provider’s stock valued at $11,240,000 after purchasing an additional 121,263 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Healthcare Services Group by 0.9% during the 2nd quarter. New York State Common Retirement Fund now owns 723,675 shares of the business services provider’s stock worth $10,877,000 after buying an additional 6,297 shares during the period. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Up 0.0%

Shares of NASDAQ HCSG opened at $21.77 on Friday. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $22.98. The company has a market cap of $1.53 billion, a PE ratio of 26.55 and a beta of 0.74. The business’s 50 day moving average price is $19.67 and its two-hundred day moving average price is $17.97.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.21. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The business had revenue of $466.68 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HCSG shares. UBS Group set a $25.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a report on Thursday, February 12th. BMO Capital Markets restated a “market perform” rating and set a $22.00 price objective on shares of Healthcare Services Group in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Monday, December 29th. William Blair upgraded shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research note on Friday, February 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 54,357 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $20.41, for a total transaction of $1,109,426.37. Following the transaction, the executive vice president owned 29,292 shares in the company, valued at $597,849.72. This trade represents a 64.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick J. Orr sold 44,615 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $20.53, for a total transaction of $915,945.95. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 146,962 shares of company stock valued at $3,014,100. Insiders own 2.60% of the company’s stock.

About Healthcare Services Group

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.