Cambiar Investors LLC Sells 11,785 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Cambiar Investors LLC decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 7.9% in the 4th quarter, Holdings Channel reports. The fund owned 137,012 shares of the business services provider’s stock after selling 11,785 shares during the quarter. Cambiar Investors LLC’s holdings in Healthcare Services Group were worth $1,591,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HCSG. Cerity Partners LLC purchased a new stake in shares of Healthcare Services Group during the third quarter worth $9,166,000. Foundry Partners LLC raised its stake in shares of Healthcare Services Group by 86.5% during the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider’s stock valued at $9,015,000 after purchasing an additional 374,301 shares during the period. Royce & Associates LP lifted its holdings in Healthcare Services Group by 7.0% during the 3rd 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 in the last quarter. Invenomic Capital Management LP bought a new position in Healthcare Services Group in the 3rd quarter worth about $3,217,000. Finally, State Street Corp grew its holdings in Healthcare Services Group by 8.3% during the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after buying an additional 226,818 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

Shares of Healthcare Services Group stock opened at $10.90 on Wednesday. Healthcare Services Group, Inc. has a 1 year low of $9.34 and a 1 year high of $13.00. The firm has a market cap of $798.86 million, a PE ratio of 15.80 and a beta of 0.56. The company has a 50 day simple moving average of $11.64 and a two-hundred day simple moving average of $11.24.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HCSG shares. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, December 19th. Macquarie began coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird lowered their price objective on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.80.

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.