Citadel Advisors LLC trimmed its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 52.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,573 shares of the business services provider’s stock after selling 147,681 shares during the period. Citadel Advisors LLC’s holdings in Healthcare Services Group were worth $5,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Healthcare Services Group by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 51,177 shares of the business services provider’s stock valued at $2,210,000 after buying an additional 1,377 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Healthcare Services Group by 3.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 43,136 shares of the business services provider’s stock valued at $1,863,000 after buying an additional 1,494 shares in the last quarter. Bank of Montreal Can grew its stake in Healthcare Services Group by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 12,402 shares of the business services provider’s stock valued at $536,000 after buying an additional 1,630 shares in the last quarter. Carillon Tower Advisers Inc. grew its stake in Healthcare Services Group by 2.0% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 87,514 shares of the business services provider’s stock valued at $3,555,000 after buying an additional 1,728 shares in the last quarter. Finally, Redmond Asset Management LLC grew its stake in Healthcare Services Group by 2.2% in the 3rd quarter. Redmond Asset Management LLC now owns 87,090 shares of the business services provider’s stock valued at $3,538,000 after buying an additional 1,835 shares in the last quarter.

In related news, Director Robert J. Moss sold 5,001 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the completion of the transaction, the director now directly owns 5,001 shares in the company, valued at $219,793.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dino D. Ottaviano sold 700 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $46.98, for a total transaction of $32,886.00. Following the completion of the transaction, the director now owns 1,244 shares of the company’s stock, valued at $58,443.12. The disclosure for this sale can be found here. Insiders sold 7,701 shares of company stock valued at $347,780 over the last quarter. 1.00% of the stock is owned by company insiders.

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

HCSG opened at $41.68 on Friday. The firm has a market cap of $3.07 billion, a PE ratio of 42.91 and a beta of 0.73. Healthcare Services Group, Inc. has a one year low of $35.04 and a one year high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 23rd will be given a $0.195 dividend. The ex-dividend date is Wednesday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.87%. Healthcare Services Group’s payout ratio is 65.55%.

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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 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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