Rhumbline Advisers Has $5.78 Million Stake in Healthcare Services Group, Inc. (HCSG)

Rhumbline Advisers decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,224 shares of the business services provider’s stock after selling 7,940 shares during the quarter. Rhumbline Advisers’ holdings in Healthcare Services Group were worth $5,777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MetLife Investment Advisors LLC boosted its holdings in shares of Healthcare Services Group by 3.0% during the second quarter. MetLife Investment Advisors LLC now owns 80,115 shares of the business services provider’s stock valued at $3,460,000 after acquiring an additional 2,325 shares during the period. AMI Asset Management Corp boosted its holdings in shares of Healthcare Services Group by 5.4% during the third quarter. AMI Asset Management Corp now owns 854,408 shares of the business services provider’s stock valued at $34,706,000 after acquiring an additional 44,151 shares during the period. Stephens Inc. AR boosted its holdings in shares of Healthcare Services Group by 34.0% during the second quarter. Stephens Inc. AR now owns 8,712 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 2,211 shares during the period. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Healthcare Services Group during the second quarter valued at about $634,000. Finally, Vident Investment Advisory LLC raised its stake in shares of Healthcare Services Group by 101.0% during the second quarter. Vident Investment Advisory LLC now owns 60,791 shares of the business services provider’s stock valued at $2,626,000 after purchasing an additional 30,554 shares in the last quarter.

NASDAQ HCSG opened at $46.21 on Thursday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 38.83 and a beta of 0.73. Healthcare Services Group, Inc. has a 1 year low of $35.04 and a 1 year high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 16th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $506.90 million for the quarter, compared to analyst estimates of $510.27 million. Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. Healthcare Services Group’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Equities analysts expect that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, November 21st. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is presently 65.55%.

In other Healthcare Services Group news, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $46.98, for a total transaction of $32,886.00. Following the transaction, the director now owns 1,244 shares of the company’s stock, valued at approximately $58,443.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Moss sold 5,001 shares of Healthcare Services Group stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the transaction, the director now directly owns 5,001 shares in the company, valued at approximately $219,793.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,701 shares of company stock worth $347,780. Corporate insiders own 1.00% of the company’s stock.

A number of equities research analysts recently weighed in on HCSG shares. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a research note on Tuesday, October 2nd. ValuEngine upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Berenberg Bank started coverage on shares of Healthcare Services Group in a research note on Thursday, October 4th. They set a “hold” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.00.

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

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