Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Bought by LS Investment Advisors LLC
LS Investment Advisors LLC increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,834 shares of the business services provider’s stock after buying an additional 108 shares during the period. LS Investment Advisors LLC’s holdings in Healthcare Services Group were worth $133,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in shares of Healthcare Services Group during the first quarter worth $202,000. Emerald Advisers Inc. PA acquired a new stake in shares of Healthcare Services Group during the first quarter worth $204,000. Harfst & Associates Inc. acquired a new stake in shares of Healthcare Services Group during the first quarter worth $206,000. Everence Capital Management Inc. acquired a new stake in shares of Healthcare Services Group during the first quarter worth $213,000. Finally, Atria Investments LLC acquired a new stake in shares of Healthcare Services Group during the first quarter worth $223,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.
Healthcare Services Group, Inc. (HCSG) traded down 0.57% during mid-day trading on Friday, hitting $50.75. 201,978 shares of the company were exchanged. The stock’s 50 day moving average is $50.34 and its 200-day moving average is $45.57. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 44.52 and a beta of 0.61. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28.
Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The company had revenue of $470.90 million for the quarter, compared to the consensus estimate of $425.24 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts predict that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be paid a $0.1888 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is currently 65.22%.
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A number of brokerages have weighed in on HCSG. Credit Suisse Group began coverage on shares of Healthcare Services Group in a report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price on the stock. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird increased their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.00.
In other news, Director John Briggs sold 2,500 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $47.52, for a total value of $118,800.00. Following the sale, the director now owns 22,017 shares in the company, valued at approximately $1,046,247.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Frome sold 7,485 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $47.00, for a total transaction of $351,795.00. Following the completion of the sale, the director now owns 37,986 shares in the company, valued at approximately $1,785,342. The disclosure for this sale can be found here. Insiders sold a total of 49,235 shares of company stock worth $2,494,065 in the last 90 days. 4.30% of the stock is owned by corporate insiders.
Healthcare Services Group Company Profile
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, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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