Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) hit a new 52-week high on Monday . The company traded as high as $41.71 and last traded at $41.67, with a volume of 313,892 shares. The stock had previously closed at $41.02.

HCSG has been the subject of a number of research reports. Stifel Nicolaus upped their price target on shares of Healthcare Services Group from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 13th. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Healthcare Services Group in a research report on Wednesday, April 13th.

The firm’s 50-day moving average price is $39.81 and its 200-day moving average price is $36.78. The stock has a market capitalization of $3.01 billion and a P/E ratio of 49.57.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, April 12th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $384.80 million for the quarter. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Equities analysts predict that Healthcare Services Group Inc. will post $1.08 earnings per share for the current year.

In other Healthcare Services Group news, Director Dino D. Ottaviano sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $38.79, for a total value of $38,790.00. Following the completion of the transaction, the director now directly owns 1,237 shares of the company’s stock, valued at $47,983.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel P. Mccartney sold 100,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $84,420,925.60. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its position in shares of Healthcare Services Group by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 127,230 shares of the company’s stock worth $4,437,000 after buying an additional 760 shares in the last quarter. Brown Advisory Inc. increased 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 worth $35,533,000 after buying an additional 9,975 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Healthcare Services Group by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 230,177 shares of the company’s stock worth $8,026,000 after buying an additional 2,068 shares in the last quarter. OppenheimerFunds Inc. bought a new position in shares of Healthcare Services Group during the fourth quarter worth $12,804,000. Finally, New York State Common Retirement Fund increased its position in shares of Healthcare Services Group by 43.5% in the fourth quarter. New York State Common Retirement Fund now owns 111,726 shares of the company’s stock worth $3,896,000 after buying an additional 33,865 shares in the last quarter.

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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