Stanley Laman Group Ltd. Has $3.41 Million Holdings in Healthcare Services Group, Inc. $HCSG

Stanley Laman Group Ltd. cut its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.7% in the third quarter, Holdings Channel.com reports. The firm owned 202,557 shares of the business services provider’s stock after selling 70,232 shares during the period. Stanley Laman Group Ltd.’s holdings in Healthcare Services Group were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HCSG. Trail Ridge Investment Advisors LLC boosted its stake in Healthcare Services Group by 2.6% during the third quarter. Trail Ridge Investment Advisors LLC now owns 24,309 shares of the business services provider’s stock worth $409,000 after buying an additional 609 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Healthcare Services Group by 6.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,721 shares of the business services provider’s stock worth $281,000 after purchasing an additional 1,135 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Healthcare Services Group by 8.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 15,925 shares of the business services provider’s stock worth $239,000 after acquiring an additional 1,224 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Healthcare Services Group by 163.4% during 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 during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Healthcare Services Group by 94.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,384 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HCSG. BMO Capital Markets assumed coverage on shares of Healthcare Services Group in a report on Thursday, November 13th. They issued a “market perform” rating and a $20.00 price objective on the stock. Zacks Research downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Macquarie reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Wednesday, November 26th. Wall Street Zen cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, UBS Group restated a “buy” rating on shares of Healthcare Services Group in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Healthcare Services Group has a consensus rating of “Hold” and an average price target of $19.40.

Healthcare Services Group Stock Performance

NASDAQ:HCSG opened at $17.35 on Monday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 32.13 and a beta of 0.71. The firm’s 50-day simple moving average is $18.56 and its 200 day simple moving average is $16.39. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $20.26.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The firm had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. During the same quarter last year, the company earned $0.19 EPS. The company’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Healthcare Services Group 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.