Hussman Strategic Advisors Inc. Buys Shares of 21,000 Healthcare Services Group, Inc. (NASDAQ:HCSG)

Hussman Strategic Advisors Inc. bought a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,000 shares of the business services provider’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. Cerity Partners LLC bought a new position in Healthcare Services Group in the third quarter valued at about $9,166,000. Foundry Partners LLC grew its position in 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 valued at $9,015,000 after acquiring an additional 374,301 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Healthcare Services Group by 7.0% during the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider’s stock worth $49,701,000 after purchasing an additional 290,621 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Healthcare Services Group during the third quarter worth about $3,217,000. Finally, State Street Corp grew its holdings in shares of Healthcare Services Group by 8.3% during the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock worth $33,112,000 after purchasing an additional 226,818 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

Shares of HCSG opened at $10.78 on Friday. Healthcare Services Group, Inc. has a 52-week low of $9.70 and a 52-week high of $13.00. The business’s 50 day moving average price is $11.39 and its two-hundred day moving average price is $11.22. The firm has a market cap of $792.22 million, a PE ratio of 19.96 and a beta of 0.56.

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

Analyst Ratings Changes

HCSG has been the topic of several research reports. Robert W. Baird reduced their price target on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. StockNews.com cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, December 19th. Finally, Macquarie started coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Company 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.