Capital Fund Management S.A. acquired a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,600 shares of the business services provider’s stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 worth $126,000 after buying an additional 242 shares in the last quarter. LS Investment Advisors LLC raised its stake in Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares in the last quarter. HighTower Advisors LLC bought a new position in Healthcare Services Group in the first quarter worth approximately $202,000. Harfst & Associates Inc. bought a new position in Healthcare Services Group in the first quarter worth approximately $206,000. Finally, CIBC Asset Management Inc bought a new position in Healthcare Services Group in the second quarter worth approximately $215,000. 91.72% of the stock is owned by institutional investors.

A number of equities analysts recently commented on HCSG shares. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective (up previously from $41.00) on shares of Healthcare Services Group in a research note on Tuesday, June 6th. Robert W. Baird boosted their price objective on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Credit Suisse Group reissued an “outperform” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Healthcare Services Group presently has an average rating of “Buy” and a consensus price target of $53.00.

Healthcare Services Group, Inc. (HCSG) opened at 52.64 on Thursday. The firm has a 50-day moving average of $51.15 and a 200 day moving average of $47.64. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 46.18 and a beta of 0.63. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business had revenue of $470.90 million for the quarter, compared to analyst estimates of $425.24 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be issued a $0.1888 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio (DPR) is presently 65.22%.

ILLEGAL ACTIVITY NOTICE: “Capital Fund Management S.A. Acquires New Position in Healthcare Services Group, Inc. (HCSG)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/capital-fund-management-s-a-acquires-new-position-in-healthcare-services-group-inc-hcsg/1577588.html.

In other news, Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $52.76, for a total value of $105,520.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at approximately $105,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the completion of the sale, the insider now owns 32,542 shares in the company, valued at $1,686,326.44. The disclosure for this sale can be found here. Insiders sold a total of 36,750 shares of company stock worth $1,910,345 over the last 90 days. Company insiders own 4.30% of the company’s stock.

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)

Receive News & Ratings for Healthcare Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.