Healthcare Services Group, Inc. (NASDAQ:HCSG) Holdings Trimmed by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.0% during the 1st quarter, HoldingsChannel reports. The firm owned 23,595 shares of the business services provider’s stock after selling 2,048 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Healthcare Services Group were worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legato Capital Management LLC increased its stake in shares of Healthcare Services Group by 215.5% in the fourth quarter. Legato Capital Management LLC now owns 139,263 shares of the business services provider’s stock worth $1,618,000 after acquiring an additional 95,118 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of Healthcare Services Group by 3.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 357,906 shares of the business services provider’s stock worth $4,157,000 after acquiring an additional 10,325 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Healthcare Services Group by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 355,419 shares of the business services provider’s stock worth $4,128,000 after purchasing an additional 9,492 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in Healthcare Services Group by 71.3% in the fourth quarter. Rice Hall James & Associates LLC now owns 324,862 shares of the business services provider’s stock worth $3,773,000 after purchasing an additional 135,233 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Healthcare Services Group by 16.9% in the fourth quarter. New York State Common Retirement Fund now owns 720,267 shares of the business services provider’s stock worth $8,366,000 after purchasing an additional 104,157 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Trading Up 1.3%

NASDAQ:HCSG opened at $14.63 on Tuesday. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $14.90. The firm has a 50 day moving average of $12.80 and a 200-day moving average of $11.82. The stock has a market capitalization of $1.07 billion, a P/E ratio of 27.09 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The business had revenue of $447.66 million during the quarter, compared to analyst estimates of $443.82 million. During the same quarter last year, the business posted $0.22 earnings per share. Healthcare Services Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HCSG. Wall Street Zen upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Macquarie upped their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. Robert W. Baird upped their price objective on shares of Healthcare Services Group from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Finally, UBS Group upgraded shares of Healthcare Services Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $15.00 in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

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.