Healthcare Services Group, Inc. (HCSG) Shares Bought by SG Americas Securities LLC

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SG Americas Securities LLC grew its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 92.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,400 shares of the business services provider’s stock after purchasing an additional 10,774 shares during the quarter. SG Americas Securities LLC’s holdings in Healthcare Services Group were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Riverbridge Partners LLC increased its position in shares of Healthcare Services Group by 18.8% during the 2nd quarter. Riverbridge Partners LLC now owns 3,429,422 shares of the business services provider’s stock valued at $148,117,000 after purchasing an additional 542,327 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in Healthcare Services Group by 0.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,051,926 shares of the business services provider’s stock worth $131,813,000 after acquiring an additional 27,403 shares during the last quarter. Northern Trust Corp increased its holdings in Healthcare Services Group by 20.2% in the 1st quarter. Northern Trust Corp now owns 1,311,513 shares of the business services provider’s stock worth $57,024,000 after acquiring an additional 220,250 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in Healthcare Services Group by 5.9% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,275,257 shares of the business services provider’s stock worth $55,078,000 after acquiring an additional 71,610 shares during the last quarter. Finally, UBS Group AG increased its holdings in Healthcare Services Group by 25.1% in the 1st quarter. UBS Group AG now owns 1,162,065 shares of the business services provider’s stock worth $50,527,000 after acquiring an additional 233,246 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Shares of HCSG opened at $41.47 on Friday. Healthcare Services Group, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $56.20. The stock has a market capitalization of $3.04 billion, a P/E ratio of 34.85 and a beta of 0.83.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 17th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $503.70 million during the quarter, compared to analysts’ expectations of $508.78 million. Healthcare Services Group had a return on equity of 17.46% and a net margin of 3.48%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. analysts forecast that Healthcare Services Group, Inc. will post 1.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 24th will be issued a dividend of $0.1938 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, August 23rd. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is presently 64.71%.

Several brokerages recently weighed in on HCSG. BidaskClub raised Healthcare Services Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 7th. William Blair raised Healthcare Services Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 6th. ValuEngine raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Zacks Investment Research raised Healthcare Services Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 18th. Finally, Jefferies Financial Group raised Healthcare Services Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $53.00 in a report on Wednesday, June 27th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of “Hold” and a consensus target price of $47.00.

In other Healthcare Services Group news, Director Robert J. Moss sold 3,001 shares of Healthcare Services Group stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the completion of the transaction, the director now owns 3,001 shares of the company’s stock, valued at approximately $124,961.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dino D. Ottaviano sold 1,150 shares of Healthcare Services Group stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $41.05, for a total value of $47,207.50. Following the transaction, the director now directly owns 1,694 shares of the company’s stock, valued at approximately $69,538.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,152 shares of company stock valued at $297,041 in the last ninety days. Insiders own 1.00% of the company’s stock.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments to 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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