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

Barclays PLC increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 169.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,926 shares of the business services provider’s stock after acquiring an additional 91,733 shares during the period. Barclays PLC’s holdings in Healthcare Services Group were worth $1,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. Headlands Technologies LLC increased its holdings in Healthcare Services Group by 44.4% during the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock worth $33,000 after purchasing an additional 955 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Healthcare Services Group by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 1,311 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in Healthcare Services Group by 1.2% in the second quarter. ClariVest Asset Management LLC now owns 152,278 shares of the business services provider’s stock worth $1,611,000 after acquiring an additional 1,740 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in 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 worth $30,000 after acquiring an additional 2,428 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Healthcare Services Group by 15.8% during the 3rd quarter. National Bank of Canada FI now owns 20,877 shares of the business services provider’s stock worth $233,000 after acquiring an additional 2,853 shares in the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Performance

Healthcare Services Group stock opened at $11.52 on Friday. The company has a market capitalization of $844.31 million, a price-to-earnings ratio of 16.70 and a beta of 0.55. The stock has a fifty day moving average of $11.71 and a two-hundred day moving average of $11.09. Healthcare Services Group, Inc. has a fifty-two week low of $8.98 and a fifty-two week high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last released its 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. On average, analysts forecast that Healthcare Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HCSG shares. Robert W. Baird lowered their price target on Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of Healthcare Services Group in a research note on Thursday, December 19th. Macquarie began coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, StockNews.com downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Healthcare Services Group has a consensus rating of “Hold” and an average 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.