Healthcare Services Group Inc. (NASDAQ:HCSG) shares reached a new 52-week high on Tuesday . The stock traded as high as $41.51 and last traded at $41.16, with a volume of 84,482 shares. The stock had previously closed at $41.34.

Several research analysts have weighed in on HCSG shares. Stifel Nicolaus upped their price target on Healthcare Services Group from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 13th. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Healthcare Services Group in a report on Wednesday, April 13th.

The stock has a market cap of $2.95 billion and a price-to-earnings ratio of 48.54. The stock has a 50 day moving average of $39.49 and a 200 day moving average of $36.64.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, April 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm earned $384.80 million during the quarter. During the same period last year, the firm posted $0.22 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Healthcare Services Group Inc. will post $1.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, May 20th were given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.79%. The ex-dividend date was Wednesday, May 18th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.18.

In related news, Director Daniel P. Mccartney sold 100,000 shares of Healthcare Services Group stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $37.40, for a total transaction of $3,740,000.00. Following the completion of the transaction, the director now directly owns 2,257,244 shares in the company, valued at $84,420,925.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Briggs sold 3,700 shares of Healthcare Services Group stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $39.25, for a total value of $145,225.00. Following the transaction, the director now owns 21,882 shares of the company’s stock, valued at $858,868.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in HCSG. Brown Advisory Inc. boosted its position in shares of Healthcare Services Group by 1.0% in the fourth quarter. Brown Advisory Inc. now owns 1,019,012 shares of the company’s stock valued at $35,533,000 after buying an additional 9,975 shares in the last quarter. Russell Frank Co boosted its position in shares of Healthcare Services Group by 0.8% in the fourth quarter. Russell Frank Co now owns 528,580 shares of the company’s stock valued at $18,791,000 after buying an additional 4,356 shares in the last quarter. Henderson Group PLC boosted its position in shares of Healthcare Services Group by 1.6% in the fourth quarter. Henderson Group PLC now owns 523,203 shares of the company’s stock valued at $18,244,000 after buying an additional 8,289 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Healthcare Services Group by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 483,950 shares of the company’s stock valued at $16,875,000 after buying an additional 21,457 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Healthcare Services Group during the fourth quarter valued at $12,804,000.

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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

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