First Trust Advisors LP boosted its stake in shares of Healthcare Services Group Inc. (NASDAQ:HCSG) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,145 shares of the company’s stock after buying an additional 12,166 shares during the period. First Trust Advisors LP owned approximately 0.09% of Healthcare Services Group worth $2,696,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HCSG. Emerald Acquisition Ltd. purchased a new stake in shares of Healthcare Services Group during the second quarter valued at approximately $20,450,000. Henderson Group PLC increased its stake in shares of Healthcare Services Group by 57.6% in the second quarter. Henderson Group PLC now owns 801,344 shares of the company’s stock valued at $33,160,000 after buying an additional 292,858 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Healthcare Services Group by 256.6% in the first quarter. Renaissance Technologies LLC now owns 318,664 shares of the company’s stock valued at $11,730,000 after buying an additional 229,300 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Healthcare Services Group by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,395,375 shares of the company’s stock valued at $51,364,000 after buying an additional 92,382 shares during the last quarter. Finally, Palisade Capital Management LLC NJ increased its stake in shares of Healthcare Services Group by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 670,697 shares of the company’s stock valued at $24,688,000 after buying an additional 64,321 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) traded down 0.55% on Tuesday, reaching $37.83. 339,671 shares of the company traded hands. The firm has a 50-day moving average price of $39.09 and a 200 day moving average price of $38.35. The company has a market capitalization of $2.74 billion, a PE ratio of 43.43 and a beta of 0.56. Healthcare Services Group Inc. has a one year low of $31.50 and a one year high of $42.18.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, July 12th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Healthcare Services Group had a net margin of 4.25% and a return on equity of 20.70%. The business had revenue of $386.56 million for the quarter, compared to the consensus estimate of $392.26 million. During the same period last year, the company earned $0.23 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Equities analysts forecast that Healthcare Services Group Inc. will post $1.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, August 19th will be given a dividend of $0.1838 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.94%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 83.15%.

Several research analysts have recently weighed in on HCSG shares. William Blair cut shares of Healthcare Services Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 7th. Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Robert W. Baird started coverage on shares of Healthcare Services Group in a report on Friday. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Group upped their price target on shares of Healthcare Services Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.25.

In related news, Director Robert L. Frome sold 3,365 shares of Healthcare Services Group stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $38.10, for a total transaction of $128,206.50. Following the sale, the director now directly owns 33,866 shares in the company, valued at approximately $1,290,294.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.80% 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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

5 Day Chart for NASDAQ:HCSG

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