Atria Investments Inc Sells 10,070 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Atria Investments Inc reduced its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,515 shares of the business services provider’s stock after selling 10,070 shares during the quarter. Atria Investments Inc’s holdings in Healthcare Services Group were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HCSG. Farther Finance Advisors LLC lifted its position in Healthcare Services Group by 804.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 2,428 shares in the last quarter. Headlands Technologies LLC lifted its position in Healthcare Services Group by 44.4% in the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 955 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 3,774 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Healthcare Services Group in the 3rd quarter valued at $116,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Healthcare Services Group in the 2nd quarter valued at $124,000. 97.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HCSG shares. Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, October 24th. Royal Bank of Canada cut their price target on shares of 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. Finally, Robert W. Baird cut their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $11.36 on Wednesday. The company’s 50-day moving average price is $10.98 and its two-hundred 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 $832.59 million, a PE ratio of 16.46 and a beta of 0.52.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $428.10 million for the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. Healthcare Services Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. On average, analysts anticipate that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

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.