Foundry Partners LLC Boosts Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Foundry Partners LLC increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 86.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 807,031 shares of the business services provider’s stock after acquiring an additional 374,301 shares during the period. Foundry Partners LLC’s holdings in Healthcare Services Group were worth $9,015,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of Healthcare Services Group by 7.0% during the 3rd quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after purchasing an additional 290,621 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Healthcare Services Group by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock worth $21,766,000 after buying an additional 181,231 shares in the last quarter. Brandes Investment Partners LP grew its position in Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock valued at $13,983,000 after acquiring an additional 142,997 shares during the last quarter. Azarias Capital Management L.P. boosted its stake in shares of Healthcare Services Group by 50.7% in the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Healthcare Services Group by 2,698.7% during the 1st quarter. Janus Henderson Group PLC now owns 919,069 shares of the business services provider’s stock valued at $11,470,000 after purchasing an additional 886,230 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 opened at $11.39 on Thursday. The stock has a market capitalization of $834.77 million, a PE ratio of 16.51 and a beta of 0.52. The stock’s 50 day moving average price is $11.00 and its 200-day moving average price is $10.89. Healthcare Services Group, Inc. has a 52-week low of $8.98 and a 52-week high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The business had revenue of $428.10 million for the quarter, compared to the consensus estimate of $429.95 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCSG has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, October 24th. Finally, Robert W. Baird lowered their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.