Healthcare Services Group, Inc. (NASDAQ:HCSG) is Azarias Capital Management L.P.’s 5th Largest Position

Azarias Capital Management L.P. decreased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,230,584 shares of the business services provider’s stock after selling 1,530 shares during the period. Healthcare Services Group comprises about 6.4% of Azarias Capital Management L.P.’s holdings, making the stock its 5th biggest holding. Azarias Capital Management L.P.’s holdings in Healthcare Services Group were worth $14,293,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HCSG. GAMMA Investing LLC raised its position in Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,073 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Healthcare Services Group by 1.7% during the third quarter. Tidal Investments LLC now owns 78,218 shares of the business services provider’s stock valued at $874,000 after buying an additional 1,276 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Healthcare Services Group by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock valued at $300,000 after buying an additional 1,311 shares during the period. Confluence Investment Management LLC raised its holdings in shares of Healthcare Services Group by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 168,841 shares of the business services provider’s stock valued at $1,961,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after acquiring an additional 2,428 shares during the period. 97.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. StockNews.com raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, Robert W. Baird cut their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.80.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $10.71 on Thursday. Healthcare Services Group, Inc. has a 1 year low of $9.34 and a 1 year high of $13.00. The firm has a 50-day moving average of $11.60 and a 200 day moving average of $11.24. The stock has a market cap of $784.94 million, a P/E ratio of 15.52 and a beta of 0.56.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Research analysts expect that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

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.