Healthcare Services Group, Inc. (HCSG) Stake Maintained by Markel Corp

Markel Corp continued to hold its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,000 shares of the business services provider’s stock at the end of the second quarter. Markel Corp owned approximately 0.08% of Healthcare Services Group worth $2,576,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in Healthcare Services Group by 145,799.8% in the first quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock worth $378,341,000 after buying an additional 8,774,230 shares in the last quarter. Norges Bank acquired a new stake in Healthcare Services Group during the fourth quarter worth $22,959,000. Vanguard Group Inc. increased its stake in Healthcare Services Group by 6.5% in the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock worth $294,424,000 after buying an additional 418,676 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Healthcare Services Group by 25.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 979,394 shares of the business services provider’s stock worth $42,202,000 after buying an additional 199,082 shares in the last quarter. Finally, State Street Corp increased its stake in Healthcare Services Group by 8.5% in the first quarter. State Street Corp now owns 1,680,479 shares of the business services provider’s stock worth $72,412,000 after buying an additional 131,987 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Shares of Healthcare Services Group, Inc. (HCSG) traded down 0.18% during midday trading on Friday, hitting $50.62. 301,423 shares of the stock traded hands. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $54.28. The company has a market capitalization of $3.70 billion, a P/E ratio of 44.40 and a beta of 0.61. The stock has a 50 day moving average of $51.02 and a 200 day moving average of $46.05.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The firm had revenue of $470.90 million for the quarter, compared to analyst estimates of $425.24 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts predict that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be paid a dividend of $0.1888 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. 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. Healthcare Services Group’s dividend payout ratio (DPR) is presently 65.22%.

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A number of research firms have weighed in on HCSG. Credit Suisse Group began coverage on shares of Healthcare Services Group in a research note on Friday, May 19th. They set an “outperform” rating and a $50.00 price target on the stock. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price (up previously from $41.00) on shares of Healthcare Services Group in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

In other news, CFO John Christopher Shea sold 4,750 shares of Healthcare Services Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total transaction of $247,000.00. Following the sale, the chief financial officer now directly owns 7,157 shares of the company’s stock, valued at $372,164. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Briggs sold 2,500 shares of Healthcare Services Group stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $47.52, for a total value of $118,800.00. Following the sale, the director now directly 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 worth $2,494,065 over the last three months. Insiders own 4.30% of the company’s stock.

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.

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

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