Dean Capital Management Decreases Holdings in Healthcare Services Group, Inc. $HCSG

Dean Capital Management trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 75.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,570 shares of the business services provider’s stock after selling 131,064 shares during the period. Dean Capital Management’s holdings in Healthcare Services Group were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of Healthcare Services Group by 4.3% during the fourth quarter. Cetera Investment Advisers now owns 14,052 shares of the business services provider’s stock worth $269,000 after purchasing an additional 581 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Healthcare Services Group by 3.8% during the 4th quarter. Sanctuary Advisors LLC now owns 20,151 shares of the business services provider’s stock worth $385,000 after buying an additional 738 shares during the last quarter. GAMMA Investing LLC increased its position in Healthcare Services Group by 29.7% during the 4th quarter. GAMMA Investing LLC now owns 3,688 shares of the business services provider’s stock valued at $71,000 after buying an additional 845 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Healthcare Services Group by 32.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider’s stock valued at $69,000 after buying an additional 877 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Healthcare Services Group by 8.2% in the fourth quarter. LPL Financial LLC now owns 11,802 shares of the business services provider’s stock worth $226,000 after acquiring an additional 895 shares in the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

NASDAQ:HCSG opened at $22.74 on Monday. The company’s fifty day moving average price is $22.62 and its 200-day moving average price is $20.95. Healthcare Services Group, Inc. has a 1-year low of $12.84 and a 1-year high of $25.75. The firm has a market capitalization of $1.56 billion, a P/E ratio of 13.22 and a beta of 0.78.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. Healthcare Services Group had a net margin of 6.59% and a return on equity of 18.97%. The company had revenue of $470.81 million during the quarter, compared to the consensus estimate of $471.22 million. During the same period in the previous year, the firm posted ($0.44) earnings per share. Equities analysts anticipate that Healthcare Services Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Healthcare Services Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. UBS Group lifted their target price on shares of Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Benchmark boosted their target price on shares of Healthcare Services Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, BMO Capital Markets upped their price target on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.50.

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.