Bailard Inc. Purchases Shares of 38,900 Healthcare Services Group, Inc. $HCSG

Bailard Inc. acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,900 shares of the business services provider’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider’s stock worth $33,000 after purchasing an additional 1,356 shares in the last quarter. GAMMA Investing LLC boosted 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. USA Financial Formulas acquired a new position in shares of Healthcare Services Group during the second quarter worth about $60,000. Tower Research Capital LLC TRC increased its stake in shares of Healthcare Services Group by 600.8% during the second quarter. Tower Research Capital LLC TRC now owns 10,259 shares of the business services provider’s stock worth $154,000 after buying an additional 8,795 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Healthcare Services Group during the second quarter worth approximately $156,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on HCSG. Zacks Research downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. UBS Group reiterated a “buy” rating on shares of Healthcare Services Group in a research note on Monday, November 24th. Macquarie restated a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.40.

Healthcare Services Group Price Performance

NASDAQ HCSG opened at $18.91 on Friday. The firm’s fifty day moving average price is $18.88 and its 200 day moving average price is $16.80. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $20.26. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 35.02 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Healthcare Services Group had a net margin of 2.20% and a return on equity of 12.23%. The company had revenue of $464.34 million during the quarter, compared to the consensus estimate of $460.36 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Healthcare Services Group’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share 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.