Dean Investment Associates LLC Buys Shares of 224,444 Healthcare Services Group, Inc. (NASDAQ:HCSG)

Dean Investment Associates LLC purchased a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 224,444 shares of the business services provider’s stock, valued at approximately $2,607,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Jane Street Group LLC lifted its holdings in Healthcare Services Group by 80.8% in the third quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock worth $1,960,000 after acquiring an additional 78,391 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Healthcare Services Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider’s stock worth $8,642,000 after purchasing an additional 76,456 shares during the last quarter. Geode Capital Management LLC boosted its position in Healthcare Services Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider’s stock valued at $19,674,000 after purchasing an additional 50,375 shares during the period. Global Alpha Capital Management Ltd. bought a new position in Healthcare Services Group during the 4th quarter worth $822,000. Finally, Franklin Resources Inc. increased its position in Healthcare Services Group by 39.9% in the third quarter. Franklin Resources Inc. now owns 560,588 shares of the business services provider’s stock worth $5,858,000 after buying an additional 159,878 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCSG has been the subject of several recent research reports. StockNews.com lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Healthcare Services Group presently has an average rating of “Hold” and an average price target of $14.00.

Healthcare Services Group Stock Down 0.3 %

Shares of NASDAQ HCSG opened at $9.52 on Friday. The stock has a market cap of $699.61 million, a P/E ratio of 17.63 and a beta of 0.62. The firm’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $11.08. Healthcare Services Group, Inc. has a fifty-two week low of $9.41 and a fifty-two week high of $12.99.

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