Connor Clark & Lunn Investment Management Ltd. Acquires 37,767 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 47.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,127 shares of the business services provider's stock after buying an additional 37,767 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Healthcare Services Group worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its position in Healthcare Services Group by 80.8% during 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 buying an additional 78,391 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 76,456 shares during the period. Geode Capital Management LLC increased its position in Healthcare Services Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,760,971 shares of the business services provider's stock worth $19,674,000 after purchasing an additional 50,375 shares during the last quarter. Global Alpha Capital Management Ltd. acquired a new position in Healthcare Services Group in the 4th quarter worth about $822,000. Finally, Foundry Partners LLC increased its position 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 worth $9,015,000 after purchasing an additional 374,301 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have weighed in on HCSG. Macquarie began coverage on Healthcare Services Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $13.00 target price on the stock. StockNews.com lowered Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.00.

Healthcare Services Group Stock Performance

Shares of HCSG traded down $0.13 during trading hours on Friday, hitting $10.42. 885,821 shares of the company were exchanged, compared to its average volume of 448,234. The company has a market cap of $765.74 million, a PE ratio of 19.30 and a beta of 0.66. The firm's 50 day moving average is $10.96 and its 200-day moving average is $11.22. Healthcare Services Group, Inc. has a 52 week low of $9.70 and a 52 week high of $12.99.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. As a group, equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

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.