Healthcare Services Group (NASDAQ:HCSG) Stock Price Down 6%

Healthcare Services Group, Inc. (NASDAQ:HCSG)’s share price was down 6% during mid-day trading on Wednesday . The company traded as low as $10.58 and last traded at $10.58. Approximately 64,030 shares were traded during trading, a decline of 89% from the average daily volume of 559,135 shares. The stock had previously closed at $11.26.

Healthcare Services Group Stock Down 5.9 %

The stock has a market cap of $780.69 million, a PE ratio of 18.56 and a beta of 0.53. The stock has a 50-day moving average of $10.77 and a 200 day moving average of $11.03.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $424.91 million. Healthcare Services Group had a return on equity of 11.44% and a net margin of 2.44%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Research analysts forecast that Healthcare Services Group, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Healthcare Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in HCSG. Headlands Technologies LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Healthcare Services Group in the first quarter valued at approximately $55,000. PNC Financial Services Group Inc. grew its position in shares of Healthcare Services Group by 38.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,714 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Healthcare Services Group by 14.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 1,795 shares during the period. Finally, CWM LLC raised its position in Healthcare Services Group by 12.9% in the 1st quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 1,411 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

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.