Barclays PLC Raises Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

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

Several other large investors have also added to or reduced their stakes in HCSG. Headlands Technologies LLC lifted its holdings in shares of Healthcare Services Group by 44.4% during the second 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 position in Healthcare Services Group by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,368 shares of the business services provider’s stock worth $300,000 after buying an additional 1,311 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 valued at $30,000 after acquiring an additional 2,428 shares during the period. National Bank of Canada FI boosted its holdings in shares of Healthcare Services Group by 15.8% in the 3rd quarter. National Bank of Canada FI now owns 20,877 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 2,853 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Healthcare Services Group by 22.4% in the 3rd quarter. CWM LLC now owns 19,152 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 3,511 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HCSG shares. Benchmark restated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, December 19th. StockNews.com lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Macquarie initiated coverage on Healthcare Services Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.80.

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock opened at $11.47 on Friday. The firm has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $11.20. Healthcare Services Group, Inc. has a fifty-two week low of $8.98 and a fifty-two week high of $13.00. The company has a market cap of $840.65 million, a P/E ratio of 16.62 and a beta of 0.56.

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, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a return on equity of 12.59% and a net margin of 2.95%. Healthcare Services Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. Equities research analysts forecast that Healthcare Services Group, Inc. will post 0.81 EPS for the current 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.