Foundry Partners LLC decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,489 shares of the business services provider’s stock after selling 4,659 shares during the period. Foundry Partners LLC’s holdings in Healthcare Services Group were worth $4,519,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Healthcare Services Group by 145,799.8% in the first quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock valued at $378,341,000 after buying an additional 8,774,230 shares during the last quarter. Vanguard Group Inc. raised its stake in Healthcare Services Group by 6.5% in the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock valued at $294,424,000 after buying an additional 418,676 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Healthcare Services Group by 25.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 979,394 shares of the business services provider’s stock valued at $42,202,000 after buying an additional 199,082 shares during the last quarter. State Street Corp raised its stake in Healthcare Services Group by 8.5% in the first quarter. State Street Corp now owns 1,680,479 shares of the business services provider’s stock valued at $72,412,000 after buying an additional 131,987 shares during the last quarter. Finally, American Capital Management Inc. raised its stake in Healthcare Services Group by 53.9% in the first quarter. American Capital Management Inc. now owns 327,914 shares of the business services provider’s stock valued at $14,130,000 after buying an additional 114,855 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group, Inc. (HCSG) opened at 51.86 on Tuesday. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28. The company has a market capitalization of $3.80 billion, a P/E ratio of 45.49 and a beta of 0.61. The company’s 50 day moving average price is $50.57 and its 200-day moving average price is $45.81.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The firm had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. During the same period last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts expect that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a dividend of $0.1888 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio (DPR) is currently 65.22%.

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Several equities research analysts have recently commented on HCSG shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target (up previously from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Credit Suisse Group started coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, July 14th. Stifel Nicolaus upped their price target on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Finally, BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of “Buy” and an average price target of $53.00.

In related news, Director John Briggs sold 2,500 shares of Healthcare Services Group stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $47.52, for a total transaction of $118,800.00. Following the completion of the transaction, the director now directly owns 22,017 shares in the company, valued at $1,046,247.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Christopher Shea sold 4,750 shares of Healthcare Services Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total value of $247,000.00. Following the transaction, the chief financial officer now owns 7,157 shares of the company’s stock, valued at $372,164. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,235 shares of company stock valued at $2,494,065. 4.30% of the stock is owned by company insiders.

About Healthcare Services Group

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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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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