Scout Investments Inc. boosted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,673 shares of the business services provider’s stock after purchasing an additional 8,013 shares during the period. Scout Investments Inc. owned about 0.14% of Healthcare Services Group worth $4,045,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its holdings in Healthcare Services Group by 107.6% in the fourth quarter. Retirement Systems of Alabama now owns 197,783 shares of the business services provider’s stock valued at $7,947,000 after purchasing an additional 102,489 shares during the period. Arlington Partners LLC acquired a new stake in Healthcare Services Group in the fourth quarter valued at $76,000. Csenge Advisory Group acquired a new stake in Healthcare Services Group in the third quarter valued at $37,000. Vanguard Group Inc increased its holdings in Healthcare Services Group by 2.2% in the third quarter. Vanguard Group Inc now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after purchasing an additional 151,999 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in Healthcare Services Group in the third quarter valued at $10,384,000.
A number of analysts recently weighed in on HCSG shares. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine downgraded 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 Healthcare Services Group and gave the company a “buy” rating in a report on Tuesday, October 2nd. Stephens initiated coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They set an “overweight” rating on the stock. Finally, BidaskClub cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.86.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $506.90 million for the quarter, compared to the consensus estimate of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. On average, equities research analysts expect that Healthcare Services Group, Inc. will post 1.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, November 23rd were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 21st. This represents a $0.78 dividend on an annualized basis and a yield of 1.83%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is 65.55%.
In other Healthcare Services Group news, Director Dino D. Ottaviano sold 700 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $46.98, for a total transaction of $32,886.00. Following the sale, the director now owns 1,244 shares of the company’s stock, valued at $58,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of the company’s 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 sale, the director now directly owns 2,000 shares in the company, valued at approximately $95,100. The disclosure for this sale can be found here. Insiders have sold 7,701 shares of company stock worth $347,780 in the last ninety days. Insiders own 1.00% 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 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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