WINTON GROUP Ltd Boosts Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

WINTON GROUP Ltd increased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,924 shares of the business services provider’s stock after buying an additional 9,204 shares during the period. WINTON GROUP Ltd’s holdings in Healthcare Services Group were worth $1,219,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Healthcare Services Group in the third quarter worth $156,000. BNP Paribas Financial Markets boosted its holdings in Healthcare Services Group by 9.0% in the third quarter. BNP Paribas Financial Markets now owns 68,196 shares of the business services provider’s stock valued at $762,000 after purchasing an additional 5,656 shares during the period. Glenmede Trust Co. NA acquired a new position in Healthcare Services Group during the 3rd quarter worth $170,000. Verition Fund Management LLC purchased a new stake in Healthcare Services Group during the 3rd quarter worth about $231,000. Finally, Centiva Capital LP acquired a new stake in Healthcare Services Group in the 3rd quarter valued at about $311,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HCSG shares. Benchmark restated a “buy” rating and set a $17.00 target price on shares of Healthcare Services Group in a research note on Thursday, December 19th. StockNews.com cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Macquarie initiated coverage on shares of Healthcare Services Group in a report on Monday, December 16th. They issued a “neutral” rating and a $13.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Healthcare Services Group Stock Up 2.9 %

HCSG stock opened at $10.74 on Friday. The business has a 50 day moving average price of $10.86 and a 200 day moving average price of $11.21. The stock has a market cap of $789.26 million, a price-to-earnings ratio of 19.89 and a beta of 0.66. Healthcare Services Group, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $12.99.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. As a group, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 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.