Summit Creek Advisors LLC Sells 1,445 Shares of Healthcare Services Group, Inc. (HCSG)

Summit Creek Advisors LLC lowered its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,805 shares of the business services provider’s stock after selling 1,445 shares during the quarter. Healthcare Services Group accounts for 2.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Summit Creek Advisors LLC owned 0.28% of Healthcare Services Group worth $10,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. 1st Global Advisors Inc. grew its holdings in Healthcare Services Group by 0.5% during the second quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock worth $796,000 after buying an additional 81 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Healthcare Services Group by 1.2% during the second quarter. Pinebridge Investments L.P. now owns 9,616 shares of the business services provider’s stock worth $450,000 after buying an additional 118 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Healthcare Services Group by 4.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after buying an additional 135 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Healthcare Services Group by 2.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,257 shares of the business services provider’s stock worth $293,000 after buying an additional 176 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $126,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

In other news, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total value of $42,400.00. Following the transaction, the executive vice president now directly owns 14,413 shares in the company, valued at approximately $763,889. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded down $0.79 during trading hours on Tuesday, reaching $51.92. The company’s stock had a trading volume of 330,600 shares, compared to its average volume of 426,200. The company has a market cap of $3,804.33, a P/E ratio of 43.63, a PEG ratio of 3.26 and a beta of 0.62. Healthcare Services Group, Inc. has a 52-week low of $37.54 and a 52-week high of $55.68.

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

HCSG has been the subject of a number of recent analyst reports. BidaskClub downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Jefferies Group set a $52.00 price objective on Healthcare Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of Healthcare Services Group in a research note on Wednesday, October 4th. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Healthcare Services Group currently has an average rating of “Hold” and a consensus price target of $54.80.

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

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

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