Foundry Partners LLC Has $9.02 Million Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Foundry Partners LLC boosted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 86.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 807,031 shares of the business services provider’s stock after buying an additional 374,301 shares during the period. Foundry Partners LLC owned approximately 1.10% of Healthcare Services Group worth $9,015,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Azarias Capital Management L.P. grew its holdings in Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock worth $12,979,000 after buying an additional 412,704 shares in the last quarter. Brandes Investment Partners LP grew its position in Healthcare Services Group by 12.2% in the 2nd quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock worth $13,983,000 after purchasing an additional 142,997 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Healthcare Services Group by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock valued at $21,766,000 after buying an additional 181,231 shares during the last quarter. Royce & Associates LP lifted 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 worth $49,701,000 after buying an additional 290,621 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Healthcare Services Group in the 2nd quarter worth approximately $971,000. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $11.39 on Thursday. The business’s fifty day moving average price is $11.00 and its 200-day moving average price is $10.89. Healthcare Services Group, Inc. has a one year low of $8.98 and a one year high of $13.00. The stock has a market capitalization of $834.77 million, a PE ratio of 16.51 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping 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 firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same quarter last year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities analysts expect that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HCSG. Royal Bank of Canada cut their price objective 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 set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, October 24th. Finally, Robert W. Baird lowered their price objective on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.00.

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.