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

Jane Street Group LLC raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 80.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,444 shares of the business services provider’s stock after purchasing an additional 78,391 shares during the period. Jane Street Group LLC owned about 0.24% of Healthcare Services Group worth $1,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC raised its position in 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 worth $33,000 after acquiring an additional 955 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $300,000 after acquiring an additional 1,311 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Healthcare Services Group by 1.2% during the 2nd quarter. ClariVest Asset Management LLC now owns 152,278 shares of the business services provider’s stock worth $1,611,000 after purchasing an additional 1,740 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 worth $30,000 after purchasing an additional 2,428 shares in the last quarter. Finally, CWM LLC lifted its holdings in Healthcare Services Group by 22.4% during the 3rd quarter. CWM LLC now owns 19,152 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 3,511 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price target 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. Macquarie started coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They set a “neutral” rating and a $13.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.80.

Healthcare Services Group Stock Performance

HCSG stock opened at $11.51 on Wednesday. The business has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $11.09. Healthcare Services Group, Inc. has a 52-week low of $8.98 and a 52-week high of $13.00. The company has a market capitalization of $843.58 million, a P/E ratio of 16.68 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same quarter last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

Healthcare Services Group Company 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.