Jane Street Group LLC Sells 156,604 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Jane Street Group LLC lowered its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 89.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,840 shares of the business services provider's stock after selling 156,604 shares during the period. Jane Street Group LLC's holdings in Healthcare Services Group were worth $219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HCSG. PDT Partners LLC grew its stake in Healthcare Services Group by 80.4% during the fourth quarter. PDT Partners LLC now owns 76,992 shares of the business services provider's stock valued at $894,000 after acquiring an additional 34,323 shares in the last quarter. Northern Trust Corp grew its stake in Healthcare Services Group by 8.4% during the fourth quarter. Northern Trust Corp now owns 771,772 shares of the business services provider's stock valued at $8,964,000 after acquiring an additional 59,829 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Healthcare Services Group during the fourth quarter valued at approximately $1,891,000. Price T Rowe Associates Inc. MD grew its stake in Healthcare Services Group by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 55,654 shares of the business services provider's stock valued at $647,000 after acquiring an additional 8,074 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Healthcare Services Group during the fourth quarter valued at approximately $158,000. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Price Performance

Healthcare Services Group stock opened at $14.15 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 26.20 and a beta of 0.55. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $14.90. The firm's 50 day moving average price is $12.62 and its 200-day moving average price is $11.77.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The firm had revenue of $447.66 million for the quarter, compared to analysts' expectations of $443.82 million. During the same quarter last year, the business posted $0.22 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

HCSG has been the topic of a number of research analyst reports. Macquarie increased their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wall Street Zen raised shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Robert W. Baird increased their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $12.00 to $15.00 in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Healthcare Services Group presently has an average rating of "Moderate Buy" and an average target price of $14.80.

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.

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