260,617 Shares in Healthcare Services Group, Inc. (NASDAQ:HCSG) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. purchased a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 260,617 shares of the business services provider’s stock, valued at approximately $2,703,000.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC raised its position in Healthcare Services Group by 3.7% in the third quarter. Barclays PLC now owns 43,139 shares of the business services provider’s stock worth $450,000 after acquiring an additional 1,551 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Healthcare Services Group by 25.9% in the third quarter. Teacher Retirement System of Texas now owns 26,037 shares of the business services provider’s stock valued at $272,000 after buying an additional 5,358 shares in the last quarter. CWM LLC raised its stake in shares of Healthcare Services Group by 173.4% during the 3rd quarter. CWM LLC now owns 10,209 shares of the business services provider’s stock worth $106,000 after buying an additional 6,475 shares during the last quarter. Cambiar Investors LLC raised its stake in shares of Healthcare Services Group by 6.2% during the 3rd quarter. Cambiar Investors LLC now owns 150,629 shares of the business services provider’s stock worth $1,571,000 after buying an additional 8,820 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Healthcare Services Group by 57.3% during the 3rd quarter. WINTON GROUP Ltd now owns 24,722 shares of the business services provider’s stock worth $258,000 after buying an additional 9,005 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

HCSG stock traded down $0.15 during trading on Friday, hitting $10.85. The stock had a trading volume of 613,410 shares, compared to its average volume of 533,491. The company’s 50 day moving average price is $12.20 and its two-hundred day moving average price is $10.73. Healthcare Services Group, Inc. has a 1-year low of $8.75 and a 1-year high of $15.97. The stock has a market cap of $798.99 million, a price-to-earnings ratio of 19.30 and a beta of 0.49.

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 firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $424.91 million. During the same quarter in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HCSG. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Royal Bank of Canada lifted their price target on Healthcare Services Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Benchmark lifted their price target on Healthcare Services Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. UBS Group lifted their price target on Healthcare Services Group from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird lifted their price target on Healthcare Services Group from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Healthcare Services Group has a consensus rating of “Hold” and a consensus target price of $14.50.

About Healthcare Services Group

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.