State Street Corp Has $33.11 Million Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

State Street Corp lifted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,964,325 shares of the business services provider's stock after acquiring an additional 226,818 shares during the period. State Street Corp owned 4.04% of Healthcare Services Group worth $33,112,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HCSG. Royce & Associates LP increased its stake in Healthcare Services Group by 7.0% during the third quarter. Royce & Associates LP now owns 4,449,496 shares of the business services provider's stock worth $49,701,000 after acquiring an additional 290,621 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Healthcare Services Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,202 shares of the business services provider's stock valued at $21,766,000 after buying an additional 181,231 shares during the period. Brandes Investment Partners LP lifted its position in Healthcare Services Group by 12.2% in the second quarter. Brandes Investment Partners LP now owns 1,318,045 shares of the business services provider's stock worth $13,983,000 after purchasing an additional 142,997 shares during the period. Azarias Capital Management L.P. boosted its stake in Healthcare Services Group by 50.7% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,226,773 shares of the business services provider's stock valued at $12,979,000 after purchasing an additional 412,704 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Healthcare Services Group during the 3rd quarter valued at $9,166,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Healthcare Services Group Stock Down 1.2 %

NASDAQ:HCSG traded down $0.14 during mid-day trading on Friday, reaching $11.30. 1,579,219 shares of the company were exchanged, compared to its average volume of 491,026. The stock has a market cap of $828.19 million, a PE ratio of 16.38 and a beta of 0.55. Healthcare Services Group, Inc. has a 12 month low of $8.98 and a 12 month high of $13.00. The company has a fifty day moving average of $11.65 and a 200 day moving average of $11.08.

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 (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 firm had revenue of $428.10 million during the quarter, compared to analysts' expectations of $429.95 million. During the same quarter in the prior year, the company earned $0.17 EPS. The company's revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.