Schwab Charles Investment Management Inc. Has $22.78 Million Stake in Healthcare Services Group, Inc. (HCSG)

Schwab Charles Investment Management Inc. lifted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,996 shares of the business services provider’s stock after purchasing an additional 15,443 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Healthcare Services Group were worth $22,775,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after purchasing an additional 135 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Healthcare Services Group by 2.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,257 shares of the business services provider’s stock worth $293,000 after purchasing an additional 176 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of Healthcare Services Group by 5.2% in the 2nd quarter. Nomura Holdings Inc. now owns 10,370 shares of the business services provider’s stock worth $486,000 after purchasing an additional 517 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Healthcare Services Group by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 55,764 shares of the business services provider’s stock worth $2,611,000 after purchasing an additional 862 shares in the last quarter. Finally, Wrapmanager Inc. increased its stake in Healthcare Services Group by 13.3% in the 3rd quarter. Wrapmanager Inc. now owns 8,627 shares of the business services provider’s stock worth $466,000 after buying an additional 1,011 shares in the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

A number of brokerages have issued reports on HCSG. BidaskClub lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Robert W. Baird lowered Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, February 7th. Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.20.

Shares of Healthcare Services Group, Inc. (HCSG) opened at $49.39 on Friday. Healthcare Services Group, Inc. has a 12 month low of $41.05 and a 12 month high of $56.20. The stock has a market capitalization of $3,618.95, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.69 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The business had revenue of $499.41 million during the quarter, compared to analysts’ expectations of $499.37 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. analysts expect that Healthcare Services Group, Inc. will post 1.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 16th will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is presently 64.41%.

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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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