Healthcare Services Group, Inc. (HCSG) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,174,277 shares of the business services provider’s stock after acquiring an additional 8,472 shares during the quarter. Dimensional Fund Advisors LP owned about 1.60% of Healthcare Services Group worth $63,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Healthcare Services Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 242 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Healthcare Services Group by 4.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 135 shares during the period. Bruderman Asset Management LLC purchased a new stake in shares of Healthcare Services Group in the second quarter valued at $170,000. Riverhead Capital Management LLC raised its stake in shares of Healthcare Services Group by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,659 shares during the period. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Healthcare Services Group in the third quarter valued at $202,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group, Inc. (HCSG) opened at $52.72 on Friday. The company has a market cap of $3,862.95, a PE ratio of 44.30, a P/E/G ratio of 3.86 and a beta of 0.62. Healthcare Services Group, Inc. has a 12 month low of $37.54 and a 12 month high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. The company had revenue of $491.40 million for the quarter, compared to the consensus estimate of $485.53 million. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. analysts predict that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, November 17th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, November 16th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.87%.

In other Healthcare Services Group news, EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total transaction of $42,400.00. Following the transaction, the executive vice president now directly owns 14,413 shares in the company, valued at approximately $763,889. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now owns 14,413 shares in the company, valued at $764,321.39. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Finally, Jefferies Group set a $52.00 price target on shares of Healthcare Services Group and gave the stock a “hold” rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.80.

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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 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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