Riverbridge Partners LLC lowered its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,803,728 shares of the business services provider’s stock after selling 158,040 shares during the period. Healthcare Services Group comprises 3.0% of Riverbridge Partners LLC’s holdings, making the stock its 3rd biggest holding. Riverbridge Partners LLC owned about 3.82% of Healthcare Services Group worth $151,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Healthcare Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock worth $325,763,000 after buying an additional 123,503 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Healthcare Services Group by 173.5% in the second quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after buying an additional 1,322,948 shares during the period. State Street Corp boosted its holdings in shares of Healthcare Services Group by 4.3% in the second quarter. State Street Corp now owns 1,752,352 shares of the business services provider’s stock worth $82,064,000 after buying an additional 71,873 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Healthcare Services Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,165,805 shares of the business services provider’s stock worth $54,595,000 after buying an additional 27,427 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Healthcare Services Group by 2.3% in the second quarter. Northern Trust Corp now owns 1,127,536 shares of the business services provider’s stock worth $52,803,000 after buying an additional 25,514 shares during the period. 90.98% of the stock is currently owned by institutional investors.

In other news, Director John Briggs sold 2,500 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total transaction of $126,875.00. Following the transaction, the director now directly owns 18,579 shares in the company, valued at approximately $942,884.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.03, for a total value of $1,193,175.00. Following the transaction, the insider now owns 14,413 shares in the company, valued at $764,321.39. The disclosure for this sale can be found here. Insiders sold a total of 25,800 shares of company stock worth $1,362,450 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

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Healthcare Services Group, Inc. (HCSG) traded down $0.04 during mid-day trading on Monday, hitting $53.15. 29,097 shares of the company traded hands, compared to its average volume of 457,489. The firm has a market capitalization of $3,897.39, a price-to-earnings ratio of 44.70, a PEG ratio of 3.89 and a beta of 0.64.

Healthcare Services Group (NASDAQ:HCSG) last announced 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 business had revenue of $491.40 million for the quarter, compared to analyst estimates of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. equities analysts forecast that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be paid a $0.19 dividend. 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 1.43%. The ex-dividend date is Thursday, November 16th. Healthcare Services Group’s dividend payout ratio is currently 63.03%.

Several brokerages have commented on HCSG. Zacks Investment Research cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a report on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a report on Thursday, July 13th. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird raised their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.80.

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.

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

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