Rice Hall James & Associates LLC lowered its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 14.2% in the 4th quarter, HoldingsChannel reports. The fund owned 419,968 shares of the business services provider’s stock after selling 69,250 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Healthcare Services Group were worth $22,141,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Healthcare Services Group by 4.7% in 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 acquiring an additional 135 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of Healthcare Services Group in the third quarter worth $202,000. Riverhead Capital Management LLC increased its position in shares of Healthcare Services Group by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,659 shares in the last quarter. WASHINGTON TRUST Co acquired a new stake in Healthcare Services Group during the 3rd quarter valued at $225,000. Finally, Parametrica Management Ltd acquired a new stake in Healthcare Services Group during the 3rd quarter valued at $232,000. 93.29% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on HCSG shares. Jefferies Group reaffirmed a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a report on Friday, September 29th. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, October 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.80.

Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up $0.29 on Tuesday, reaching $52.68. 324,500 shares of the company were exchanged, compared to its average volume of 420,436. The firm has a market cap of $3,838.77, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 3.29 and a beta of 0.62. Healthcare Services Group, Inc. has a 1-year low of $37.54 and a 1-year high of $55.68.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the completion of the transaction, the insider now directly owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael E. Mcbryan sold 800 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the transaction, the executive vice president now directly owns 14,413 shares of the company’s stock, valued at $763,889. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/01/23/rice-hall-james-associates-llc-sells-69250-shares-of-healthcare-services-group-inc-hcsg.html.

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

Want to see what other hedge funds are holding HCSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Services Group, Inc. (NASDAQ:HCSG).

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.