Victory Capital Management Inc. Sells 1,226 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Victory Capital Management Inc. trimmed its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.7% during the third quarter, HoldingsChannel.com reports. The firm owned 12,906 shares of the business services provider’s stock after selling 1,226 shares during the quarter. Victory Capital Management Inc.’s holdings in Healthcare Services Group were worth $144,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Healthcare Services Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider’s stock valued at $21,766,000 after buying an additional 181,231 shares in the last quarter. Brandes Investment Partners LP grew its stake in Healthcare Services Group by 12.2% during the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider’s stock valued at $13,983,000 after acquiring an additional 142,997 shares in the last quarter. Azarias Capital Management L.P. grew its stake in Healthcare Services Group by 50.7% during the second quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider’s stock valued at $12,979,000 after acquiring an additional 412,704 shares in the last quarter. AQR Capital Management LLC increased its holdings in Healthcare Services Group by 6.2% during the 2nd quarter. AQR Capital Management LLC now owns 590,355 shares of the business services provider’s stock worth $6,246,000 after acquiring an additional 34,211 shares during the period. Finally, Foundry Partners LLC lifted its stake in Healthcare Services Group by 59.9% in the 2nd quarter. Foundry Partners LLC now owns 432,730 shares of the business services provider’s stock worth $4,578,000 after purchasing an additional 162,165 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased 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 report on Thursday, October 24th. Benchmark restated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $12.34 on Friday. Healthcare Services Group, Inc. has a one year low of $8.98 and a one year high of $13.00. The firm has a market capitalization of $904.40 million, a price-to-earnings ratio of 17.88 and a beta of 0.52. The company’s fifty day moving average price is $11.10 and its 200-day moving average price is $10.94.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The business had revenue of $428.10 million for the quarter, compared to the consensus estimate of $429.95 million. During the same quarter last year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts expect that Healthcare Services Group, Inc. will post 0.81 EPS for the current 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.