Numerai GP LLC Sells 36,062 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Numerai GP LLC lowered its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,042 shares of the business services provider’s stock after selling 36,062 shares during the period. Numerai GP LLC’s holdings in Healthcare Services Group were worth $1,208,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Healthcare Services Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock valued at $8,642,000 after purchasing an additional 76,456 shares in the last quarter. Global Alpha Capital Management Ltd. purchased a new position in Healthcare Services Group during the 4th quarter valued at about $822,000. Franklin Resources Inc. increased its position in shares of Healthcare Services Group by 39.9% during the third quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider’s stock valued at $5,858,000 after buying an additional 159,878 shares during the period. Legato Capital Management LLC lifted its holdings in 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 buying an additional 95,118 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Healthcare Services Group by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,562 shares of the business services provider’s stock valued at $1,679,000 after purchasing an additional 6,303 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 0.2%

Shares of NASDAQ HCSG opened at $14.52 on Wednesday. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $14.90. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 26.89 and a beta of 0.55. The firm has a 50 day moving average of $11.38 and a 200 day moving average of $11.45.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to analysts’ expectations of $443.82 million. During the same period last year, the firm earned $0.22 EPS. Healthcare Services Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

HCSG has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, April 24th. Macquarie boosted 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. UBS Group raised Healthcare Services Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. Finally, StockNews.com raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a report on Friday, April 25th. 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, Healthcare Services Group has a consensus rating of “Moderate Buy” and an average 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.