Geode Capital Management LLC Has $19.67 Million Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Geode Capital Management LLC boosted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,760,971 shares of the business services provider’s stock after purchasing an additional 50,375 shares during the period. Geode Capital Management LLC’s holdings in Healthcare Services Group were worth $19,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Healthcare Services Group by 169.3% during the 3rd quarter. Barclays PLC now owns 145,926 shares of the business services provider’s stock valued at $1,631,000 after purchasing an additional 91,733 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Healthcare Services Group by 15.8% during the third 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 during the period. Jane Street Group LLC lifted its position in Healthcare Services Group by 80.8% in the 3rd quarter. Jane Street Group LLC now owns 175,444 shares of the business services provider’s stock valued at $1,960,000 after acquiring an additional 78,391 shares in the last quarter. Weiss Asset Management LP boosted its stake in Healthcare Services Group by 42.1% in the 3rd quarter. Weiss Asset Management LP now owns 337,477 shares of the business services provider’s stock worth $3,770,000 after purchasing an additional 99,954 shares during the period. Finally, State Street Corp raised its stake in shares of Healthcare Services Group by 8.3% in the 3rd quarter. State Street Corp now owns 2,964,325 shares of the business services provider’s stock valued at $33,112,000 after purchasing an additional 226,818 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Healthcare Services Group stock opened at $11.52 on Friday. The company’s 50-day moving average is $11.73 and its 200-day moving average is $11.10. The firm has a market capitalization of $844.31 million, a PE ratio of 16.70 and a beta of 0.55. 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 announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $428.10 million for the quarter, compared to the consensus estimate of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. As a group, analysts expect that Healthcare Services Group, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

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