Barclays PLC Increases Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Barclays PLC boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 169.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,926 shares of the business services provider's stock after buying an additional 91,733 shares during the period. Barclays PLC owned approximately 0.20% of Healthcare Services Group worth $1,631,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HCSG. Farther Finance Advisors LLC boosted its position in shares of Healthcare Services Group by 804.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after acquiring an additional 2,428 shares during the last quarter. Headlands Technologies LLC raised its stake in Healthcare Services Group by 44.4% during the second quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider's stock valued at $33,000 after purchasing an additional 955 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Healthcare Services Group by 85.7% during the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock valued at $91,000 after purchasing an additional 3,774 shares in the last quarter. Bleakley Financial Group LLC bought a new position in Healthcare Services Group during the third quarter valued at $116,000. Finally, Intech Investment Management LLC purchased a new position in shares of Healthcare Services Group in the 3rd quarter worth $156,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Performance

NASDAQ HCSG traded down $0.34 during trading on Friday, hitting $11.47. The stock had a trading volume of 494,232 shares, compared to its average volume of 401,172. Healthcare Services Group, Inc. has a one year low of $8.98 and a one year high of $13.00. The stock has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $11.20. The stock has a market capitalization of $840.65 million, a price-to-earnings ratio of 16.62 and a beta of 0.56.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $428.10 million during the quarter, compared to the consensus estimate of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HCSG shares. Benchmark restated a "buy" rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Macquarie started coverage on Healthcare Services Group in a research report on Monday, December 16th. They set a "neutral" rating and a $13.00 price objective on the stock. StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Saturday, December 14th. Finally, Robert W. Baird cut their target price on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.80.

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.