Barclays PLC Boosts Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of Healthcare Services Group by 80.8% in the third quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider's stock valued at $1,960,000 after purchasing an additional 78,391 shares during the last quarter. Foundry Partners LLC lifted its stake in Healthcare Services Group by 86.5% in the 3rd quarter. Foundry Partners LLC now owns 807,031 shares of the business services provider's stock valued at $9,015,000 after buying an additional 374,301 shares in the last quarter. Brandes Investment Partners LP grew its holdings in Healthcare Services Group by 12.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider's stock valued at $13,983,000 after buying an additional 142,997 shares during the last quarter. State Street Corp increased its position in Healthcare Services Group by 8.3% during the third quarter. State Street Corp now owns 2,964,325 shares of the business services provider's stock worth $33,112,000 after buying an additional 226,818 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Healthcare Services Group in the third quarter worth $231,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HCSG has been the topic of a number of analyst reports. StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research note on Saturday, December 14th. Robert W. Baird reduced their target price on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, October 24th. Macquarie initiated coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They set a "neutral" rating and a $13.00 price target for the company. Finally, Benchmark reissued a "buy" rating and issued a $17.00 price objective on shares of Healthcare Services Group in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.80.

Healthcare Services Group Trading Down 1.3 %

HCSG traded down $0.15 during midday trading on Friday, hitting $11.52. The company's stock had a trading volume of 328,526 shares, compared to its average volume of 488,450. Healthcare Services Group, Inc. has a 52-week low of $8.98 and a 52-week high of $13.00. The firm has a 50-day moving average price of $11.73 and a two-hundred day moving average price of $11.10. The firm has a market cap of $844.31 million, a P/E ratio of 16.70 and a beta of 0.55.

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

About Healthcare Services Group

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.