Royce & Associates LP Has $48.22 Million Position in Healthcare Services Group, Inc. $HCSG

Royce & Associates LP cut its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,864,997 shares of the business services provider’s stock after selling 170,127 shares during the period. Royce & Associates LP’s holdings in Healthcare Services Group were worth $48,218,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HCSG. EverSource Wealth Advisors LLC raised its stake in Healthcare Services Group by 163.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 1,356 shares in the last quarter. GAMMA Investing LLC lifted its stake in Healthcare Services Group by 94.9% during the third quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,384 shares during the last quarter. LSV Asset Management bought a new stake in shares of Healthcare Services Group during the 3rd quarter worth $108,000. Tower Research Capital LLC TRC lifted its holdings in shares of Healthcare Services Group by 600.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,259 shares of the business services provider’s stock worth $154,000 after acquiring an additional 8,795 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Healthcare Services Group in the 2nd quarter valued at approximately $156,000. Institutional investors own 97.97% of the company’s stock.

Insider Buying and Selling

In related news, CAO Andrew M. Brophy sold 2,490 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $21.75, for a total value of $54,157.50. Following the transaction, the chief accounting officer owned 15,735 shares of the company’s stock, valued at $342,236.25. This represents a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick J. Orr sold 45,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $20.54, for a total transaction of $934,570.00. Following the transaction, the executive vice president owned 44,615 shares in the company, valued at $916,392.10. The trade was a 50.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 146,962 shares of company stock worth $3,014,100. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. William Blair upgraded Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Friday, February 20th. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, February 12th. Wall Street Zen downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Macquarie Infrastructure reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $22.00 target price on shares of Healthcare Services Group in a research report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Healthcare Services Group Stock Up 0.0%

NASDAQ HCSG opened at $21.77 on Friday. The firm has a market cap of $1.53 billion, a P/E ratio of 26.55 and a beta of 0.74. The company’s 50 day moving average is $19.67 and its 200-day moving average is $17.97. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $22.98.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.21. The business had revenue of $466.68 million for the quarter, compared to analysts’ expectations of $467.24 million. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.