Stone Ridge Asset Management LLC purchased a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,389 shares of the business services provider’s stock, valued at approximately $1,180,000.
Other large investors have also recently modified their holdings of the company. Israel Discount Bank of New York lifted its position in shares of Healthcare Services Group by 112.2% in the 4th quarter. Israel Discount Bank of New York now owns 2,515 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 1,330 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in 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 buying an additional 135 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in Healthcare Services Group in the 3rd quarter worth approximately $202,000. M&T Bank Corp purchased a new stake in Healthcare Services Group in the 4th quarter worth approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Healthcare Services Group by 52.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,109 shares of the business services provider’s stock worth $217,000 after buying an additional 1,409 shares in the last quarter. Institutional investors and hedge funds own 97.39% of the company’s stock.
In related news, Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 2,000 shares in the company, valued at approximately $89,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dino D. Ottaviano sold 1,500 shares of the firm’s stock in a transaction 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 owns 2,044 shares in the company, valued at $92,286.60. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
Shares of HCSG traded down $0.92 during mid-day trading on Friday, hitting $42.53. 911,616 shares of the company’s stock were exchanged, compared to its average volume of 980,006. Healthcare Services Group, Inc. has a twelve month low of $41.05 and a twelve month high of $56.20. The firm has a market cap of $3,133.57, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.31 and a beta of 0.79.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $499.37 million. During the same quarter last year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. research analysts anticipate that Healthcare Services Group, Inc. will post 1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 16th were paid a dividend of $0.1913 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, February 15th. This represents a $0.77 annualized dividend and a dividend yield of 1.80%. Healthcare Services Group’s dividend payout ratio is 63.87%.
A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, February 6th. Finally, Robert W. Baird downgraded 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 report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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