State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

State of New Jersey Common Pension Fund D raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) by 23.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,150 shares of the business services provider’s stock after buying an additional 31,848 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Healthcare Services Group were worth $2,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCSG. Clearstead Advisors LLC acquired a new stake in Healthcare Services Group in the 2nd quarter valued at approximately $52,000. Nisa Investment Advisors LLC grew its holdings in shares of Healthcare Services Group by 466.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,886 shares of the business services provider’s stock worth $68,000 after purchasing an additional 3,200 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Healthcare Services Group by 64.6% during the 1st quarter. Captrust Financial Advisors now owns 4,582 shares of the business services provider’s stock worth $85,000 after purchasing an additional 1,799 shares in the last quarter. KBC Group NV acquired a new stake in shares of Healthcare Services Group during the 2nd quarter worth approximately $117,000. Finally, Sageworth Trust Co acquired a new stake in shares of Healthcare Services Group during the 2nd quarter worth approximately $154,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

HCSG has been the topic of several recent research reports. Benchmark raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, October 20th. Royal Bank of Canada decreased their price objective on Healthcare Services Group from $17.00 to $14.00 and set a “sector perform” rating on the stock in a report on Thursday, October 20th. Credit Suisse Group cut their target price on Healthcare Services Group from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 20th. Finally, StockNews.com upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Sunday, January 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $14.50.

Healthcare Services Group Stock Down 3.0 %

Shares of Healthcare Services Group stock opened at $13.00 on Friday. Healthcare Services Group, Inc. has a 12 month low of $11.55 and a 12 month high of $20.54. The business has a fifty day simple moving average of $13.18 and a 200 day simple moving average of $13.88. The stock has a market cap of $963.14 million, a PE ratio of 48.15 and a beta of 0.38.

Healthcare Services Group Company Profile

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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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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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