Stanley Laman Group Ltd. Buys Shares of 260,617 Healthcare Services Group, Inc. (NASDAQ:HCSG)

Stanley Laman Group Ltd. bought a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 260,617 shares of the business services provider’s stock, valued at approximately $2,703,000. Stanley Laman Group Ltd. owned about 0.35% of Healthcare Services Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCSG. Azarias Capital Management L.P. boosted its position in shares of Healthcare Services Group by 248.8% in the third quarter. Azarias Capital Management L.P. now owns 1,107,788 shares of the business services provider’s stock worth $11,554,000 after purchasing an additional 790,233 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Healthcare Services Group by 91.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,561,283 shares of the business services provider’s stock worth $16,191,000 after purchasing an additional 744,527 shares during the period. Brandes Investment Partners LP boosted its position in shares of Healthcare Services Group by 336.6% in the third quarter. Brandes Investment Partners LP now owns 843,802 shares of the business services provider’s stock worth $8,801,000 after purchasing an additional 650,545 shares during the period. Heartland Advisors Inc. boosted its position in shares of Healthcare Services Group by 34.5% during the third quarter. Heartland Advisors Inc. now owns 1,597,456 shares of the business services provider’s stock worth $17,591,000 after acquiring an additional 409,417 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Healthcare Services Group during the third quarter worth $3,253,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HCSG has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Benchmark upped their target price on shares of Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price objective on shares of Healthcare Services Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. StockNews.com upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, UBS Group increased their price objective on shares of Healthcare Services Group from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.50.

Healthcare Services Group Stock Performance

HCSG stock traded down $0.15 during trading on Friday, hitting $10.85. 613,410 shares of the company’s stock traded hands, compared to its average volume of 533,491. Healthcare Services Group, Inc. has a 52 week low of $8.75 and a 52 week high of $15.97. The stock has a market capitalization of $798.99 million, a price-to-earnings ratio of 19.30 and a beta of 0.49. The business has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $10.73.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts forecast that Healthcare Services Group, Inc. will post 0.77 earnings per share 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.