FCM Investments TX trimmed its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 12.8% during the 4th quarter, HoldingsChannel reports. The firm owned 48,195 shares of the business services provider’s stock after selling 7,096 shares during the quarter. Healthcare Services Group makes up 3.6% of FCM Investments TX’s investment portfolio, making the stock its 11th largest position. FCM Investments TX’s holdings in Healthcare Services Group were worth $2,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 242 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Healthcare Services Group by 4.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after buying an additional 135 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Healthcare Services Group in the third quarter valued at about $202,000. Riverhead Capital Management LLC raised its position in shares of Healthcare Services Group by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,659 shares during the last quarter. Finally, WASHINGTON TRUST Co acquired a new stake in shares of Healthcare Services Group in the third quarter valued at about $225,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up $0.23 during trading on Wednesday, reaching $52.15. 376,200 shares of the company traded hands, compared to its average volume of 421,200. Healthcare Services Group, Inc. has a 52-week low of $37.54 and a 52-week high of $55.68. The firm has a market capitalization of $3,820.00, a PE ratio of 43.82, a P/E/G ratio of 3.26 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm had revenue of $491.40 million during the quarter, compared to analysts’ expectations of $485.53 million. During the same period last year, the business earned $0.27 earnings per share. Healthcare Services Group’s revenue was up 25.1% compared to the same quarter last year. sell-side analysts anticipate that Healthcare Services Group, Inc. will post 1.24 EPS for the current year.

In other Healthcare Services Group news, EVP Michael E. Mcbryan sold 800 shares of Healthcare Services Group stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total transaction of $42,400.00. Following the completion of the sale, the executive vice president now directly owns 14,413 shares in the company, valued at $763,889. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of Healthcare Services Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now owns 14,413 shares of the company’s stock, valued at $764,321.39. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

HCSG has been the subject of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and issued a $52.00 target price on shares of Healthcare Services Group in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Jefferies Group set a $52.00 target price on shares of Healthcare Services Group and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.80.

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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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