MetLife Investment Advisors LLC acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,811 shares of the business services provider’s stock, valued at approximately $1,677,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Healthcare Services Group by 2.4% during the fourth quarter. Swiss National Bank now owns 124,663 shares of the business services provider’s stock worth $6,572,000 after purchasing an additional 2,900 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Healthcare Services Group by 2.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 779,780 shares of the business services provider’s stock worth $41,110,000 after purchasing an additional 15,500 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Healthcare Services Group during the third quarter worth about $360,000. Public Employees Retirement System of Ohio increased its position in Healthcare Services Group by 949.3% during the third quarter. Public Employees Retirement System of Ohio now owns 31,532 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 28,527 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in Healthcare Services Group by 165.9% during the fourth quarter. Pinebridge Investments L.P. now owns 24,145 shares of the business services provider’s stock worth $1,273,000 after purchasing an additional 15,063 shares during the last quarter. Hedge funds and other institutional investors own 97.39% of the company’s stock.
Shares of HCSG stock opened at $42.53 on Friday. The stock has a market cap of $3,206.51, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.37 and a beta of 0.79. Healthcare Services Group, Inc. has a 1-year low of $41.05 and a 1-year high of $56.20.
Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, February 6th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The company had revenue of $499.41 million for the quarter, compared to analysts’ expectations of $499.37 million. Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. equities analysts forecast that Healthcare Services Group, Inc. will post 1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, February 16th were paid a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a yield of 1.80%. The ex-dividend date was 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 (DPR) is 63.87%.
In other news, Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $44.50, for a total value of $89,000.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $89,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dino D. Ottaviano sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $45.15, for a total transaction of $67,725.00. Following the completion of the transaction, the director now directly owns 2,044 shares of the company’s stock, valued at approximately $92,286.60. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.
Several research analysts have weighed in on HCSG shares. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of Healthcare Services Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Finally, Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $55.20.
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Healthcare Services Group 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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