Archon Capital Management LLC Takes Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Archon Capital Management LLC acquired a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 104,000 shares of the business services provider's stock, valued at approximately $1,208,000. Healthcare Services Group accounts for approximately 1.2% of Archon Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Archon Capital Management LLC owned 0.14% of Healthcare Services Group as of its most recent SEC filing.

Several other large investors have also modified their holdings of HCSG. Jane Street Group LLC grew its position in Healthcare Services Group by 80.8% in the 3rd quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider's stock valued at $1,960,000 after acquiring an additional 78,391 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Healthcare Services Group by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 773,635 shares of the business services provider's stock valued at $8,642,000 after acquiring an additional 76,456 shares during the last quarter. Geode Capital Management LLC raised its stake in Healthcare Services Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider's stock valued at $19,674,000 after buying an additional 50,375 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new position in Healthcare Services Group during the 4th quarter valued at approximately $822,000. Finally, Franklin Resources Inc. raised its position in Healthcare Services Group by 39.9% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Down 0.5 %

Healthcare Services Group stock traded down $0.05 during midday trading on Thursday, reaching $9.51. The company's stock had a trading volume of 253,386 shares, compared to its average volume of 468,122. The business has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $11.08. The company has a market cap of $698.50 million, a P/E ratio of 17.60 and a beta of 0.62. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. As a group, equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark restated a "buy" rating and set a $17.00 price target on shares of Healthcare Services Group in a research report on Thursday, December 19th. StockNews.com lowered shares of Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Healthcare Services Group currently has a consensus rating of "Hold" and a consensus price target of $14.00.

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.