Jane Street Group LLC Raises Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Jane Street Group LLC lifted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 80.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 175,444 shares of the business services provider's stock after purchasing an additional 78,391 shares during the quarter. Jane Street Group LLC owned about 0.24% of Healthcare Services Group worth $1,960,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HCSG. Farther Finance Advisors LLC grew its holdings in Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock valued at $30,000 after purchasing an additional 2,428 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Healthcare Services Group by 44.4% in the second quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider's stock valued at $33,000 after acquiring an additional 955 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of 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 acquiring an additional 3,774 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Healthcare Services Group during the third quarter valued at $116,000. Finally, Allspring Global Investments Holdings LLC increased its position in Healthcare Services Group by 131.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 14,718 shares of the business services provider's stock worth $156,000 after purchasing an additional 8,359 shares in the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Price Performance

HCSG stock traded up $0.39 on Wednesday, hitting $11.51. 212,851 shares of the company were exchanged, compared to its average volume of 489,559. The stock has a market capitalization of $843.58 million, a price-to-earnings ratio of 16.68 and a beta of 0.55. Healthcare Services Group, Inc. has a twelve month low of $8.98 and a twelve month high of $13.00. The business's fifty day moving average is $11.68 and its two-hundred day moving average is $11.09.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on HCSG shares. Robert W. Baird decreased their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, October 24th. Macquarie began coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 target price for the company. Benchmark reissued a "buy" rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, December 19th. Finally, StockNews.com cut Healthcare Services Group from a "buy" rating to a "hold" rating in a report on Saturday, December 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.