Brandes Investment Partners LP Has $16.95 Million Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Brandes Investment Partners LP reduced its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,459,125 shares of the business services provider’s stock after selling 7,494 shares during the quarter. Brandes Investment Partners LP’s holdings in Healthcare Services Group were worth $16,948,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HCSG. Wealthfront Advisers LLC bought a new position in Healthcare Services Group in the 4th quarter valued at about $166,278,000. Cerity Partners LLC bought a new position in Healthcare Services Group in the 3rd quarter valued at about $9,166,000. Raymond James Financial Inc. bought a new position in Healthcare Services Group in the 4th quarter valued at about $5,909,000. Foundry Partners LLC increased its holdings in Healthcare Services Group by 86.5% in the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock valued at $9,015,000 after buying an additional 374,301 shares during the period. Finally, Royce & Associates LP increased its holdings in Healthcare Services Group by 7.0% in the 3rd quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after buying an additional 290,621 shares during the period. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Price Performance

HCSG stock opened at $10.92 on Friday. The company has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $11.22. The stock has a market cap of $802.49 million, a price-to-earnings ratio of 20.22 and a beta of 0.66. Healthcare Services Group, Inc. has a 1 year low of $9.70 and a 1 year high of $12.99.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly 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 2.30% and a return on equity of 11.76%. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. Macquarie started coverage on shares of Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Three investment 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, the stock currently has an average rating of “Hold” and an average price target of $14.00.

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.