Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) fell 5.6% during trading on Wednesday . The company traded as low as $39.26 and last traded at $39.58, with a volume of 601,300 shares trading hands. The stock had previously closed at $41.94.

A number of brokerages recently commented on HCSG. Jefferies Group reaffirmed a “hold” rating and issued a $41.00 target price on shares of Healthcare Services Group in a research report on Wednesday. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Finally, Stifel Nicolaus boosted their target price on Healthcare Services Group from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 13th.

The stock has a market capitalization of $2.81 billion and a price-to-earnings ratio of 44.43. The company’s 50 day moving average price is $39.94 and its 200 day moving average price is $36.84.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, July 12th. The company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm had revenue of $386.56 million for the quarter, compared to analysts’ expectations of $392.26 million. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Services Group Inc. will post $1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be issued a dividend of $0.1838 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.92%.

In other news, Director Daniel P. Mccartney sold 100,000 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $37.40, for a total transaction of $3,740,000.00. Following the completion of the sale, the director now directly owns 2,257,244 shares in the company, valued at $84,420,925.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Moss sold 7,485 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $40.00, for a total transaction of $299,400.00. Following the sale, the director now owns 7,485 shares of the company’s stock, valued at $299,400. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of HCSG. Whittier Trust Co. raised its stake in Healthcare Services Group by 1.1% in the fourth quarter. Whittier Trust Co. now owns 39,384 shares of the company’s stock worth $1,373,000 after buying an additional 413 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Healthcare Services Group by 10.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 73,997 shares of the company’s stock worth $2,580,000 after buying an additional 7,246 shares in the last quarter. Rhumbline Advisers raised its stake in Healthcare Services Group by 7.2% in the fourth quarter. Rhumbline Advisers now owns 93,007 shares of the company’s stock worth $3,243,000 after buying an additional 6,255 shares in the last quarter. Comerica Bank raised its stake in Healthcare Services Group by 1.3% in the fourth quarter. Comerica Bank now owns 112,757 shares of the company’s stock worth $3,756,000 after buying an additional 1,413 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in 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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