Marshall Wace LLP Lowers Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Marshall Wace LLP cut its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 802,053 shares of the business services provider’s stock after selling 7,493 shares during the period. Marshall Wace LLP owned approximately 1.09% of Healthcare Services Group worth $8,486,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Healthcare Services Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 8,629,517 shares of the business services provider’s stock worth $89,488,000 after purchasing an additional 167,779 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Healthcare Services Group by 9.7% during the 2nd 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 during the last quarter. Heartland Advisors Inc. lifted its stake in shares of Healthcare Services Group by 1.6% in the 1st quarter. Heartland Advisors Inc. now owns 1,312,445 shares of the business services provider’s stock worth $16,379,000 after acquiring an additional 20,392 shares during the period. Azarias Capital Management L.P. boosted its holdings in shares of Healthcare Services Group by 50.7% in the second 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 acquiring an additional 412,704 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Healthcare Services Group by 2,692.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 979,748 shares of the business services provider’s stock worth $13,178,000 after acquiring an additional 944,658 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Trading Down 0.1 %

Shares of HCSG opened at $11.04 on Monday. Healthcare Services Group, Inc. has a twelve month low of $8.75 and a twelve month high of $13.00. The firm has a market capitalization of $813.05 million, a P/E ratio of 19.37 and a beta of 0.53. The firm’s 50-day moving average is $10.93 and its two-hundred day moving average is $11.13.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Healthcare Services Group had a net margin of 1.82% and a return on equity of 12.58%. The company had revenue of $426.30 million for the quarter, compared to analysts’ expectations of $424.94 million. During the same period last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Healthcare Services Group, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HCSG shares. Royal Bank of Canada reduced their price objective on shares of Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, July 25th. Finally, Robert W. Baird upped their price objective on Healthcare Services Group from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.