Pacer Advisors Inc. purchased a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the third quarter, according to its most recent filing with the SEC. The fund purchased 10,719 shares of the business services provider’s stock, valued at approximately $579,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EAM Investors LLC purchased a new position in shares of Healthcare Services Group during the 3rd quarter worth about $2,244,000. Ameriprise Financial Inc. boosted its stake in shares of Healthcare Services Group by 4.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 564,288 shares of the business services provider’s stock worth $30,453,000 after purchasing an additional 25,260 shares during the period. SG Americas Securities LLC boosted its stake in shares of Healthcare Services Group by 39.5% during the 3rd quarter. SG Americas Securities LLC now owns 32,731 shares of the business services provider’s stock worth $1,766,000 after purchasing an additional 9,265 shares during the period. Commonwealth Equity Services Inc purchased a new position in shares of Healthcare Services Group during the 3rd quarter worth about $353,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Healthcare Services Group by 23.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 474,299 shares of the business services provider’s stock worth $25,598,000 after purchasing an additional 91,418 shares during the period. Institutional investors own 93.11% of the company’s stock.

Several research firms have issued reports on HCSG. Zacks Investment Research cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Jefferies Group reissued a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird restated a “buy” rating and set a $52.00 price objective on shares of Healthcare Services Group in a research report on Wednesday, October 4th. Finally, Credit Suisse Group restated an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $54.80.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now directly owns 14,413 shares of the company’s stock, valued at $764,321.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael E. Mcbryan sold 800 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the sale, the executive vice president now owns 14,413 shares of the company’s stock, valued at $763,889. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at $51.93 on Friday. The firm has a market capitalization of $3,753.04, a price-to-earnings ratio of 43.04, a PEG ratio of 3.75 and a beta of 0.64. Healthcare Services Group, Inc. has a 52-week low of $37.54 and a 52-week high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $491.40 million during the quarter, compared to the consensus estimate of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. equities analysts forecast that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is presently 63.87%.

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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.

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

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