Charles Schwab Investment Management Inc. Sells 302,667 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.3% during the 4th quarter, HoldingsChannel reports. The fund owned 891,367 shares of the business services provider’s stock after selling 302,667 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Healthcare Services Group were worth $10,353,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. State Street Corp boosted its stake in Healthcare Services Group by 8.3% during the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock worth $33,112,000 after acquiring an additional 226,818 shares in the last quarter. Geode Capital Management LLC boosted its stake in Healthcare Services Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock worth $19,674,000 after acquiring an additional 50,375 shares in the last quarter. Cerity Partners LLC bought a new stake in Healthcare Services Group during the third quarter worth about $9,166,000. JPMorgan Chase & Co. boosted its stake in Healthcare Services Group by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock worth $8,642,000 after acquiring an additional 76,456 shares in the last quarter. Finally, New York State Common Retirement Fund raised 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 buying an additional 104,157 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Down 1.2 %

HCSG opened at $10.42 on Friday. The firm has a 50 day moving average price of $10.96 and a 200-day moving average price of $11.22. Healthcare Services Group, Inc. has a twelve month low of $9.70 and a twelve month high of $12.99. The stock has a market capitalization of $765.74 million, a price-to-earnings ratio of 19.30 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

HCSG has been the subject of several recent analyst reports. StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Macquarie initiated coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of Healthcare Services Group in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.