DF Dent & Co. Inc. Lowers Stake in Healthcare Services Group, Inc. (HCSG)

DF Dent & Co. Inc. trimmed its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,519,260 shares of the business services provider’s stock after selling 36,325 shares during the quarter. Healthcare Services Group accounts for 1.9% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 25th largest holding. DF Dent & Co. Inc. owned 2.08% of Healthcare Services Group worth $71,147,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HCSG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock worth $126,000 after purchasing an additional 242 shares during the period. LS Investment Advisors LLC raised its position in shares of Healthcare Services Group by 4.0% during the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after purchasing an additional 108 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of Healthcare Services Group during the second quarter worth approximately $170,000. Riverhead Capital Management LLC raised its position in shares of Healthcare Services Group by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,659 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth approximately $202,000. 91.71% of the stock is currently owned by institutional investors.

In other Healthcare Services Group news, Director John Briggs sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total value of $126,875.00. Following the sale, the director now directly owns 18,579 shares of the company’s stock, valued at $942,884.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.82, for a total value of $1,165,950.00. Following the completion of the sale, the insider now directly owns 32,542 shares in the company, valued at $1,686,326.44. The disclosure for this sale can be found here. Insiders sold 36,750 shares of company stock worth $1,910,345 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Healthcare Services Group, Inc. (HCSG) traded down 0.13% during midday trading on Tuesday, reaching $54.46. The company had a trading volume of 145,748 shares. The company has a 50-day moving average of $52.21 and a 200-day moving average of $48.79. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $55.68. The stock has a market capitalization of $3.99 billion, a PE ratio of 47.77 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $470.90 million for the quarter, compared to the consensus estimate of $425.24 million. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts predict that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

HCSG has been the topic of a number of research reports. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 target price on shares of Healthcare Services Group in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of “Buy” and a consensus target price of $53.00.

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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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