Citadel Advisors LLC Acquires 356,089 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Citadel Advisors LLC increased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 44.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,158,313 shares of the business services provider’s stock after acquiring an additional 356,089 shares during the period. Citadel Advisors LLC owned about 1.56% of Healthcare Services Group worth $14,004,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Healthcare Services Group by 13.6% in the third quarter. Cubist Systematic Strategies LLC now owns 92,264 shares of the business services provider’s stock worth $1,115,000 after acquiring an additional 11,012 shares during the period. Regal Partners Ltd bought a new stake in shares of Healthcare Services Group in the third quarter worth $1,242,000. Boothbay Fund Management LLC bought a new stake in shares of Healthcare Services Group in the third quarter worth $220,000. Brandes Investment Partners LP bought a new stake in shares of Healthcare Services Group in the third quarter worth $564,000. Finally, Credit Suisse AG grew its holdings in shares of Healthcare Services Group by 12.0% in the third quarter. Credit Suisse AG now owns 64,379 shares of the business services provider’s stock worth $778,000 after acquiring an additional 6,894 shares during the period. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HCSG. StockNews.com raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Sunday, January 1st. Benchmark reiterated a “buy” rating and set a $18.00 target price on shares of Healthcare Services Group in a research report on Tuesday, February 21st. Credit Suisse Group lifted their target price on Healthcare Services Group from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Finally, Royal Bank of Canada upgraded Healthcare Services Group from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $17.00 in a research report on Thursday, February 16th.

Healthcare Services Group Stock Down 2.8 %

Shares of Healthcare Services Group stock opened at $12.00 on Friday. The stock’s 50-day simple moving average is $13.21 and its 200-day simple moving average is $13.29. Healthcare Services Group, Inc. has a 52 week low of $11.55 and a 52 week high of $20.54. The company has a market capitalization of $892.68 million, a price-to-earnings ratio of 26.09 and a beta of 0.37.

Healthcare Services Group (NASDAQ:HCSG – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Healthcare Services Group had a return on equity of 7.99% and a net margin of 2.05%. The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $419.74 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Healthcare Services Group, Inc. will post 0.55 earnings per share for the current year.

Healthcare Services Group Profile

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Healthcare Services Group, Inc engages in the provision of keeping, laundry, and dietary services to long-term care and related health care facilities. It operates through the following business segments: Housekeeping and Dietary. The Housekeeping segment consists of the management of the client’s housekeeping department, which is responsible for the cleaning, disinfecting, and sanitizing of patient rooms and common areas of a client facility, as well as the laundering and processing of the personal clothing belonging to the facility’s patients.