Crossmark Global Holdings Inc. bought a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,150 shares of the business services provider’s stock, valued at approximately $818,000.

A number of other hedge funds also recently made changes to their positions in the stock. 1st Global Advisors Inc. boosted its holdings in Healthcare Services Group by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock valued at $796,000 after acquiring an additional 81 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Healthcare Services Group by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 5,809 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 94 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Healthcare Services Group by 1.0% in the second quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in Healthcare Services Group by 0.3% in the second quarter. Arizona State Retirement System now owns 38,045 shares of the business services provider’s stock valued at $1,782,000 after acquiring an additional 100 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at $51.37 on Monday. The company has a market capitalization of $3,764.03, a price-to-earnings ratio of 43.17, a P/E/G ratio of 3.76 and a beta of 0.64. Healthcare Services Group, Inc. has a 12-month low of $35.69 and a 12-month high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $491.40 million during the quarter, compared to analyst estimates of $485.53 million. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. Healthcare Services Group’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. analysts anticipate that Healthcare Services Group, Inc. will post 1.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.03%.

HCSG has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Services Group in a report on Thursday, October 19th. Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $52.00 price target on Healthcare Services Group and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Credit Suisse Group restated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Healthcare Services Group has an average rating of “Buy” and a consensus price target of $54.80.

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In related news, EVP Michael E. Mcbryan sold 800 shares of Healthcare Services Group stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total value of $42,400.00. Following the completion of the sale, the executive vice president now owns 14,413 shares of the company’s stock, valued at approximately $763,889. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Briggs sold 2,500 shares of Healthcare Services Group stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the sale, the director now directly owns 18,579 shares of the company’s stock, valued at approximately $942,884.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,800 shares of company stock valued at $1,362,450. Insiders own 4.30% of the company’s stock.

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.

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

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