Rice Hall James & Associates LLC Acquires 135,233 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Rice Hall James & Associates LLC increased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 71.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 324,862 shares of the business services provider’s stock after acquiring an additional 135,233 shares during the period. Rice Hall James & Associates LLC’s holdings in Healthcare Services Group were worth $3,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,073 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Healthcare Services Group by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 78,218 shares of the business services provider’s stock worth $874,000 after acquiring an additional 1,276 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Healthcare Services Group by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 168,841 shares of the business services provider’s stock worth $1,961,000 after acquiring an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Healthcare Services Group by 804.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock worth $30,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of Healthcare Services Group by 32.4% during the 4th quarter. Financial Management Professionals Inc. now owns 10,833 shares of the business services provider’s stock worth $126,000 after acquiring an additional 2,653 shares during the last quarter. 97.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HCSG shares. Robert W. Baird decreased their target price on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Macquarie started coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. StockNews.com lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Healthcare Services Group currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Trading Down 2.2 %

Shares of NASDAQ:HCSG opened at $10.60 on Wednesday. Healthcare Services Group, Inc. has a 12-month low of $9.70 and a 12-month high of $13.00. The business’s fifty day simple moving average is $11.52 and its 200-day simple moving average is $11.23. The company has a market capitalization of $776.87 million, a PE ratio of 15.36 and a beta of 0.56.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Research analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Healthcare Services Group Company 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.