Public Employees Retirement Association of Colorado maintained its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 505,200 shares of the business services provider’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 0.69% of Healthcare Services Group worth $23,659,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of HCSG. LS Investment Advisors LLC boosted its stake in shares of Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after buying an additional 108 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Healthcare Services Group during the first quarter valued at $202,000. Emerald Advisers Inc. PA bought a new stake in shares of Healthcare Services Group during the first quarter valued at $204,000. Harfst & Associates Inc. acquired a new position in Healthcare Services Group during the first quarter worth approximately $206,000. Finally, Park National Corp OH acquired a new position in Healthcare Services Group during the first quarter worth approximately $212,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.
Healthcare Services Group, Inc. (HCSG) opened at 50.62 on Friday. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $54.28. The stock has a 50 day moving average price of $51.02 and a 200-day moving average price of $46.05. The stock has a market capitalization of $3.70 billion, a P/E ratio of 44.40 and a beta of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a dividend of $0.1888 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.49%. Healthcare Services Group’s dividend payout ratio is 65.22%.
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A number of research analysts have commented on the company. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, July 14th. Credit Suisse Group restated an “outperform” rating and issued a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a research note on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Finally, BidaskClub downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Healthcare Services Group presently has a consensus rating of “Buy” and an average price target of $53.00.
In other news, Director Robert L. Frome sold 7,485 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $47.00, for a total value of $351,795.00. Following the completion of the transaction, the director now directly owns 37,986 shares in the company, valued at $1,785,342. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Briggs sold 2,500 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $47.52, for a total transaction of $118,800.00. Following the transaction, the director now owns 22,017 shares in the company, valued at $1,046,247.84. The disclosure for this sale can be found here. Insiders have sold 49,235 shares of company stock valued at $2,494,065 in the last ninety days. 4.30% of the stock is currently owned by company insiders.
Healthcare Services Group Company Profile
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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