Aperio Group LLC increased its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 20.1% during the second quarter, Holdings Channel reports. The institutional investor owned 32,715 shares of the business services provider’s stock after buying an additional 5,474 shares during the period. Aperio Group LLC’s holdings in Healthcare Services Group were worth $1,532,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of 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 stake in shares of Healthcare Services Group during the first quarter worth approximately $202,000. Emerald Advisers Inc. PA bought a new stake in shares of Healthcare Services Group during the first quarter worth approximately $204,000. Harfst & Associates Inc. bought a new stake in shares of Healthcare Services Group during the first quarter worth approximately $206,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Healthcare Services Group during the first quarter worth approximately $213,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Shares of Healthcare Services Group, Inc. (HCSG) traded down 0.67% during mid-day trading on Friday, reaching $50.70. 396,300 shares of the company traded hands. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 44.47 and a beta of 0.61. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28. The firm has a 50-day moving average price of $50.45 and a 200 day moving average price of $45.65.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Healthcare Services Group had a net margin of 4.79% and a return on equity of 24.69%. The company had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. During the same period last year, the firm posted $0.26 EPS. Healthcare Services Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts anticipate that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be given a dividend of $0.1888 per share. The ex-dividend date is Wednesday, August 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 65.22%.

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A number of brokerages have recently commented on HCSG. Credit Suisse Group began coverage on shares of Healthcare Services Group in a research note on Friday, May 19th. They issued an “outperform” rating and a $50.00 price target for the company. BidaskClub lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird lifted their price target 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. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target (up from $41.00) on shares of Healthcare Services Group in a research note on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.00.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 32,542 shares of the company’s stock, valued at approximately $1,686,326.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Christopher Shea sold 4,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total transaction of $247,000.00. Following the transaction, the chief financial officer now directly owns 7,157 shares of the company’s stock, valued at $372,164. The disclosure for this sale can be found here. Insiders have sold a total of 49,235 shares of company stock valued at $2,494,065 over the last three months. 4.30% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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