California Public Employees Retirement System raised its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 3.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,000 shares of the business services provider’s stock after buying an additional 7,200 shares during the period. California Public Employees Retirement System owned about 0.33% of Healthcare Services Group worth $11,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HCSG. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $126,000 after buying an additional 242 shares in the last quarter. LS Investment Advisors LLC increased its holdings 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 valued at $133,000 after buying an additional 108 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in Healthcare Services Group in the second quarter valued at $170,000. Riverhead Capital Management LLC increased its holdings in 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 buying an additional 1,659 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Healthcare Services Group in the first quarter valued at $202,000. 91.72% of the stock is owned by institutional investors.

In other Healthcare Services Group news, CFO John Christopher Shea sold 4,750 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total transaction of $247,000.00. Following the completion of the transaction, the chief financial officer now directly owns 7,157 shares in the company, valued at approximately $372,164. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Frome sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the director now owns 20,501 shares of the company’s stock, valued at $1,086,553. The disclosure for this sale can be found here. Insiders have sold a total of 36,750 shares of company stock valued at $1,910,345 over the last 90 days. 4.30% of the stock is currently owned by insiders.

Shares of Healthcare Services Group, Inc. (HCSG) opened at 54.65 on Friday. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $55.68. The stock has a market cap of $4.00 billion, a PE ratio of 47.94 and a beta of 0.62. The stock’s 50 day moving average is $52.10 and its 200-day moving average is $48.61.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $425.24 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, analysts predict that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 18th were issued a dividend of $0.1888 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio (DPR) is 65.22%.

A number of analysts have recently commented on HCSG shares. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and set a $56.00 target price (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a research note on Friday, July 7th. Robert W. Baird reissued a “buy” rating and set a $52.00 target price on shares of Healthcare Services Group in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Healthcare Services Group presently has an average rating of “Buy” and an average target price of $53.00.

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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 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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