Stanley Laman Group Ltd. Has $3.88 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Stanley Laman Group Ltd. raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,581 shares of the business services provider’s stock after buying an additional 4,126 shares during the period. Stanley Laman Group Ltd. owned about 0.47% of Healthcare Services Group worth $3,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Hillsdale Investment Management Inc. bought a new position in Healthcare Services Group in the 1st quarter valued at about $3,765,000. Vanguard Group Inc. raised its stake in shares of Healthcare Services Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock worth $89,488,000 after purchasing an additional 167,779 shares during the last quarter. Azarias Capital Management L.P. lifted its holdings in shares of Healthcare Services Group by 50.7% in the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock valued at $13,983,000 after buying an additional 142,997 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Healthcare Services Group by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after buying an additional 181,231 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $10.29 on Wednesday. The company has a market capitalization of $757.82 million, a P/E ratio of 18.05 and a beta of 0.52. The company’s 50-day moving average is $10.72 and its 200 day moving average is $10.89. Healthcare Services Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $13.00.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HCSG shares. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Three research 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.com, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Company 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.