Suffolk Capital Management LLC increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 103.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,411 shares of the business services provider’s stock after buying an additional 12,918 shares during the quarter. Suffolk Capital Management LLC’s holdings in Healthcare Services Group were worth $1,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Healthcare Services Group by 0.4% in the third quarter. BlackRock Inc. now owns 8,249,495 shares of the business services provider’s stock worth $335,094,000 after purchasing an additional 33,989 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Healthcare Services Group by 5.0% in the third quarter. Janus Henderson Group PLC now owns 3,917,418 shares of the business services provider’s stock worth $159,126,000 after purchasing an additional 185,055 shares during the last quarter. Riverbridge Partners LLC raised its stake in shares of Healthcare Services Group by 2.1% in the third quarter. Riverbridge Partners LLC now owns 3,502,789 shares of the business services provider’s stock worth $142,283,000 after purchasing an additional 73,367 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Healthcare Services Group by 11.0% in the third quarter. Wasatch Advisors Inc. now owns 3,386,738 shares of the business services provider’s stock worth $137,569,000 after purchasing an additional 334,812 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in shares of Healthcare Services Group by 19.0% in the second quarter. DF Dent & Co. Inc. now owns 2,269,253 shares of the business services provider’s stock worth $98,009,000 after purchasing an additional 361,560 shares during the last quarter.

In related news, Director Robert J. Moss sold 5,001 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $43.95, for a total transaction of $219,793.95. Following the completion of the sale, the director now directly owns 5,001 shares of the company’s stock, valued at $219,793.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Several analysts have recently commented on the company. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price objective on Healthcare Services Group and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Stephens assumed coverage on Healthcare Services Group in a research note on Tuesday, October 2nd. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.00.

Shares of HCSG opened at $44.38 on Wednesday. The company has a market cap of $3.25 billion, a P/E ratio of 37.29 and a beta of 0.71. Healthcare Services Group, Inc. has a 12 month low of $35.04 and a 12 month high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that Healthcare Services Group, Inc. will post 1.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 23rd will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 21st. Healthcare Services Group’s dividend payout ratio (DPR) is presently 64.71%.

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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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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

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