Teachers Retirement System of The State of Kentucky Sells 1,900 Shares of Healthcare Services Group, Inc. (HCSG)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 14.7% during the third quarter, HoldingsChannel.com reports. The fund owned 11,000 shares of the business services provider’s stock after selling 1,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Healthcare Services Group were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HCSG. FMR LLC acquired a new position in shares of Healthcare Services Group in the 2nd quarter valued at $96,315,000. Janus Henderson Group PLC increased its holdings in shares of Healthcare Services Group by 52.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,732,363 shares of the business services provider’s stock valued at $161,201,000 after acquiring an additional 1,286,629 shares during the period. Waddell & Reed Financial Inc. increased its holdings in shares of Healthcare Services Group by 121.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,218,984 shares of the business services provider’s stock valued at $52,648,000 after acquiring an additional 669,670 shares during the period. BlackRock Inc. increased its holdings in shares of Healthcare Services Group by 6.9% in the 2nd quarter. BlackRock Inc. now owns 8,215,506 shares of the business services provider’s stock valued at $354,826,000 after acquiring an additional 528,702 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Healthcare Services Group in the 2nd quarter valued at $18,150,000.

A number of brokerages have recently commented on HCSG. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stephens assumed coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Healthcare Services Group currently has an average rating of “Buy” and a consensus target price of $46.00.

In related news, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction on Friday, November 30th. The shares were sold at an average price of $46.98, for a total value of $32,886.00. Following the transaction, the director now directly owns 1,244 shares in the company, valued at approximately $58,443.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $47.55, for a total transaction of $95,100.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $95,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,701 shares of company stock worth $347,780. 1.00% of the stock is currently owned by insiders.

NASDAQ:HCSG opened at $41.68 on Friday. Healthcare Services Group, Inc. has a 1-year low of $35.04 and a 1-year high of $56.20. The firm has a market capitalization of $3.07 billion, a P/E ratio of 42.91 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The firm had revenue of $506.90 million during the quarter, compared to analysts’ expectations of $510.27 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 23rd will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.87%. 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, November 21st. Healthcare Services Group’s dividend payout ratio (DPR) is 65.55%.

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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 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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