Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC trimmed its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 31.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,369 shares of the business services provider’s stock after selling 153,868 shares during the period. Penn Capital Management Company LLC owned 0.47% of Healthcare Services Group worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in shares of Healthcare Services Group by 80.8% during the 3rd quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock valued at $1,960,000 after buying an additional 78,391 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Healthcare Services Group by 11.0% in the third 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 during the period. Geode Capital Management LLC grew its holdings in Healthcare Services Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock valued at $19,674,000 after purchasing an additional 50,375 shares in the last quarter. Global Alpha Capital Management Ltd. purchased a new stake in Healthcare Services Group during the 4th quarter worth $822,000. Finally, Franklin Resources Inc. boosted its position in Healthcare Services Group by 39.9% in the 3rd 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 last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG opened at $12.19 on Thursday. The stock has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $11.07. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $12.99. The firm has a market cap of $888.85 million, a P/E ratio of 22.57 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $447.66 million for the quarter, compared to analyst estimates of $443.82 million. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.