Global Alpha Capital Management Ltd. Takes Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Global Alpha Capital Management Ltd. acquired a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 4th quarter, HoldingsChannel reports. The fund acquired 70,780 shares of the business services provider’s stock, valued at approximately $822,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HCSG. Cerity Partners LLC acquired a new position in Healthcare Services Group during the 3rd quarter worth about $9,166,000. Raymond James Financial Inc. acquired a new position in shares of Healthcare Services Group in the fourth quarter worth approximately $5,909,000. Foundry Partners LLC lifted its stake in shares of Healthcare Services Group by 86.5% in the third quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock worth $9,015,000 after acquiring an additional 374,301 shares during the period. Royce & Associates LP boosted its holdings in Healthcare Services Group by 7.0% in the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock valued at $49,701,000 after acquiring an additional 290,621 shares during the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in Healthcare Services Group during the 3rd quarter valued at approximately $3,217,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HCSG. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. Finally, Macquarie began coverage on Healthcare Services Group in a report on Monday, December 16th. They set a “neutral” rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Healthcare Services Group presently has an average rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Stock Up 1.3 %

Shares of HCSG stock opened at $10.69 on Friday. The firm has a 50 day moving average of $11.15 and a 200-day moving average of $11.22. The company has a market cap of $785.59 million, a price-to-earnings ratio of 19.80 and a beta of 0.66. Healthcare Services Group, Inc. has a 52 week low of $9.70 and a 52 week high of $12.99.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. Analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.