Cerity Partners LLC Reduces Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Cerity Partners LLC lessened its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 95.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,086 shares of the business services provider’s stock after selling 783,471 shares during the quarter. Cerity Partners LLC’s holdings in Healthcare Services Group were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 1,073 shares during the period. SBI Securities Co. Ltd. bought a new position in Healthcare Services Group in the fourth quarter worth approximately $25,000. Ieq Capital LLC purchased a new stake in Healthcare Services Group during the fourth quarter worth $118,000. Financial Management Professionals Inc. boosted its position in 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 valued at $126,000 after acquiring an additional 2,653 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Healthcare Services Group during the 4th quarter valued at $167,000. 97.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Stock Up 0.4 %

NASDAQ:HCSG opened at $9.41 on Wednesday. The firm has a 50 day moving average of $10.31 and a 200 day moving average of $11.06. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $12.99. The stock has a market capitalization of $686.14 million, a price-to-earnings ratio of 17.43 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, analysts expect that Healthcare Services Group, Inc. will post 0.74 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.