Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,218 shares of the business services provider’s stock after buying an additional 1,276 shares during the period. Tidal Investments LLC’s holdings in Healthcare Services Group were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Foundry Partners LLC lifted its holdings in shares of Healthcare Services Group by 86.5% during the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock valued at $9,015,000 after acquiring an additional 374,301 shares in the last quarter. Azarias Capital Management L.P. raised its position in 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 during the period. Brandes Investment Partners LP lifted its stake 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 worth $13,983,000 after purchasing an additional 142,997 shares in the last quarter. Royce & Associates LP boosted its position in shares of Healthcare Services Group by 7.0% in the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock worth $49,701,000 after buying an additional 290,621 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Healthcare Services Group in the third quarter valued at about $231,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Down 1.2 %

HCSG stock opened at $11.30 on Friday. The firm has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $11.07. The company has a market capitalization of $828.19 million, a P/E ratio of 16.38 and a beta of 0.55. Healthcare Services Group, Inc. has a twelve month low of $8.98 and a twelve month high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. On average, research analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HCSG. Robert W. Baird reduced their price target 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. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday. Macquarie started coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, StockNews.com downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.80.

About Healthcare Services Group

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.