Healthcare Services Group Inc. (NASDAQ:HCSG) shares saw unusually-strong trading volume on Friday . Approximately 399,969 shares traded hands during trading, a decline of 16% from the previous session’s volume of 476,664 shares.The stock last traded at $38.80 and had previously closed at $38.10.

Several equities analysts have recently issued reports on HCSG shares. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Stifel Nicolaus boosted their price target on shares of Healthcare Services Group from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 13th. Finally, Jefferies Group reissued a “hold” rating on shares of Healthcare Services Group in a report on Wednesday, April 13th.

The firm has a 50 day moving average of $39.77 and a 200-day moving average of $36.96. The company has a market capitalization of $2.81 billion and a price-to-earnings ratio of 44.54.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. During the same period in the prior year, the company posted $0.23 earnings per share. The business earned $386.56 million during the quarter, compared to the consensus estimate of $392.26 million. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that Healthcare Services Group Inc. will post $1.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be given a $0.1838 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.89%.

In related news, Director Dino D. Ottaviano sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was 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 in the company, valued at $47,983.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Mccartney sold 100,000 shares of the company’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $37.40, for a total value of $3,740,000.00. Following the completion of the transaction, the director now 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.

Several hedge funds and institutional investors have recently modified their holdings of HCSG. Whittier Trust Co. raised its position in shares of 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 during the last quarter. State of Tennessee Treasury Department purchased a new position in shares of Healthcare Services Group during the fourth quarter worth approximately $1,956,000. State Board of Administration of Florida Retirement System raised its position in shares of 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 during the last quarter. Rhumbline Advisers raised its position in shares of 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 during the last quarter. Finally, Comerica Bank raised its position in shares of 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 during 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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