Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,005 shares of the business services provider’s stock after selling 1,803 shares during the period. Bridge City Capital LLC’s holdings in Healthcare Services Group were worth $1,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in shares of Healthcare Services Group in the fourth quarter worth about $166,278,000. Royce & Associates LP raised its position in shares of Healthcare Services Group by 4.9% in the 4th quarter. Royce & Associates LP now owns 4,668,599 shares of the business services provider’s stock valued at $54,226,000 after purchasing an additional 219,103 shares in the last quarter. State Street Corp boosted its stake in shares of Healthcare Services Group by 8.3% during the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after buying an additional 226,818 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Healthcare Services Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after buying an additional 50,375 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Healthcare Services Group in the third quarter worth $9,166,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HCSG. Macquarie assumed coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, StockNews.com cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Stock Down 1.2 %

Shares of NASDAQ:HCSG opened at $10.42 on Friday. The company has a market cap of $765.74 million, a PE ratio of 19.30 and a beta of 0.66. Healthcare Services Group, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $12.99. The firm has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $11.22.

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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. As a group, research analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

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.