Scout Investments Inc. raised its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 92,660 shares of the business services provider’s stock after purchasing an additional 1,968 shares during the quarter. Scout Investments Inc.’s holdings in Healthcare Services Group were worth $3,764,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in Healthcare Services Group during the 2nd quarter valued at about $203,000. Brookstone Capital Management bought a new position in Healthcare Services Group during the 2nd quarter valued at about $203,000. Allianz Asset Management GmbH bought a new position in Healthcare Services Group during the 1st quarter valued at about $212,000. Signature Financial Management Inc. bought a new position in Healthcare Services Group during the 2nd quarter valued at about $216,000. Finally, Eqis Capital Management Inc. bought a new position in Healthcare Services Group during the 2nd quarter valued at about $222,000.

In other news, Director Dino D. Ottaviano sold 1,150 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $41.05, for a total value of $47,207.50. Following the transaction, the director now owns 1,694 shares in the company, valued at approximately $69,538.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Moss sold 3,001 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the completion of the transaction, the director now owns 3,001 shares in the company, valued at approximately $124,961.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Shares of NASDAQ:HCSG opened at $41.82 on Friday. Healthcare Services Group, Inc. has a twelve month low of $35.04 and a twelve month high of $56.20. The company has a market capitalization of $3.05 billion, a PE ratio of 35.02 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The business had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. During the same quarter last year, the company earned $0.31 EPS. Healthcare Services Group’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts expect that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, November 21st. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is 64.71%.

Several equities analysts have issued reports on HCSG shares. Jefferies Financial Group upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and upped their target price for the company from $40.00 to $53.00 in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Stifel Nicolaus cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating and lowered their target price for the company from $44.00 to $35.00 in a research note on Wednesday, July 18th. Finally, Benchmark restated a “buy” rating on shares of Healthcare Services Group in a research note on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.00.

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 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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