Bridge City Capital LLC Purchases 1,104 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Bridge City Capital LLC boosted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 145,986 shares of the business services provider’s stock after acquiring an additional 1,104 shares during the period. Bridge City Capital LLC owned 0.20% of Healthcare Services Group worth $1,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in Healthcare Services Group by 537.7% during the 4th quarter. National Bank of Canada FI now owns 134,625 shares of the business services provider’s stock valued at $1,432,000 after buying an additional 113,514 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Healthcare Services Group by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,981 shares of the business services provider’s stock valued at $16,592,000 after buying an additional 111,625 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Healthcare Services Group during the 1st quarter valued at about $2,259,000. Invenomic Capital Management LP purchased a new position in Healthcare Services Group during the 4th quarter valued at about $4,216,000. Finally, Hsbc Holdings PLC grew its holdings in Healthcare Services Group by 24.1% during the 3rd quarter. Hsbc Holdings PLC now owns 60,826 shares of the business services provider’s stock valued at $639,000 after buying an additional 11,797 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Price Performance

HCSG stock traded up $0.15 during mid-day trading on Monday, reaching $10.32. 34,347 shares of the company traded hands, compared to its average volume of 530,183. Healthcare Services Group, Inc. has a 52-week low of $8.75 and a 52-week high of $15.14. The company has a market capitalization of $760.07 million, a P/E ratio of 17.84 and a beta of 0.51. The company has a fifty day moving average price of $10.92 and a 200-day moving average price of $10.99.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $424.91 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Healthcare Services Group’s revenue was up 1.5% on a year-over-year basis. As a group, analysts forecast that Healthcare Services Group, Inc. will post 0.8 EPS 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.