Healthcare Services Group, Inc. (HCSG) Shares Sold by Bath Savings Trust Co
Bath Savings Trust Co trimmed its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,970 shares of the business services provider’s stock after selling 1,080 shares during the quarter. Bath Savings Trust Co owned approximately 0.05% of Healthcare Services Group worth $2,107,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HCSG. Janus Henderson Group PLC boosted its position in Healthcare Services Group by 173.5% during the second quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after purchasing an additional 1,322,948 shares in the last quarter. Atlantic Trust Group LLC purchased a new stake in Healthcare Services Group during the third quarter worth $39,425,000. Wasatch Advisors Inc. boosted its position in Healthcare Services Group by 24.1% during the third quarter. Wasatch Advisors Inc. now owns 1,248,276 shares of the business services provider’s stock worth $67,369,000 after purchasing an additional 242,741 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Healthcare Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock valued at $325,763,000 after acquiring an additional 123,503 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Healthcare Services Group by 23.9% in the third quarter. Russell Investments Group Ltd. now owns 474,299 shares of the business services provider’s stock valued at $25,598,000 after acquiring an additional 91,418 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.
In related news, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now directly owns 14,413 shares in the company, valued at $764,321.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael E. Mcbryan sold 800 shares of the 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 transaction, the executive vice president now owns 14,413 shares in the company, valued at $763,889. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
HCSG has been the topic of several recent research reports. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. Finally, Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of Healthcare Services Group in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.80.
Shares of Healthcare Services Group, Inc. (HCSG) traded down $0.27 during trading hours on Wednesday, hitting $52.89. The stock had a trading volume of 257,200 shares, compared to its average volume of 489,633. Healthcare Services Group, Inc. has a twelve month low of $37.54 and a twelve month high of $55.68. The stock has a market capitalization of $3,880.00, a P/E ratio of 44.45, a P/E/G ratio of 3.35 and a beta of 0.62.
Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The business had revenue of $491.40 million for the quarter, compared to the consensus estimate of $485.53 million. During the same period in the prior year, the business earned $0.27 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. research analysts predict that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, November 17th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, November 16th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.44%. Healthcare Services Group’s dividend payout ratio is 63.87%.
Healthcare Services Group 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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