Hsbc Holdings PLC purchased a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,260 shares of the business services provider’s stock, valued at approximately $808,000.

Other hedge funds have also made changes to their positions in the company. Group One Trading L.P. increased its holdings in shares of Healthcare Services Group by 1,942.1% during the fourth quarter. Group One Trading L.P. now owns 700 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 738 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Healthcare Services Group by 3,976.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,186,395 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 1,157,289 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Healthcare Services Group during the third quarter valued at $37,000. Whittier Trust Co. increased its holdings in shares of Healthcare Services Group by 2,149.1% during the fourth quarter. Whittier Trust Co. now owns 1,282 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Arlington Partners LLC bought a new position in shares of Healthcare Services Group during the fourth quarter valued at $76,000.

Several research firms recently commented on HCSG. Zacks Investment Research cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. TheStreet cut Healthcare Services Group from a “b-” rating to a “c+” rating in a research report on Friday, March 15th. Robert W. Baird dropped their price objective on Healthcare Services Group from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Jefferies Financial Group set a $48.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, BidaskClub cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.14.

Shares of NASDAQ:HCSG opened at $32.51 on Tuesday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.95 and a beta of 0.86. Healthcare Services Group, Inc. has a 52-week low of $29.75 and a 52-week high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, February 5th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $496.41 million for the quarter, compared to analysts’ expectations of $507.45 million. Healthcare Services Group had a return on equity of 20.09% and a net margin of 4.16%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 1.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 15th were given a $0.1963 dividend. This represents a $0.79 annualized dividend and a yield of 2.41%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 14th. Healthcare Services Group’s dividend payout ratio (DPR) is presently 70.54%.

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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 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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