Copeland Capital Management LLC grew its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 651,732 shares of the business services provider’s stock after purchasing an additional 31,059 shares during the period. Copeland Capital Management LLC owned approximately 0.88% of Healthcare Services Group worth $15,831,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HCSG. Wasatch Advisors Inc. boosted its holdings in shares of Healthcare Services Group by 62.9% in the second quarter. Wasatch Advisors Inc. now owns 4,451,427 shares of the business services provider’s stock valued at $134,967,000 after acquiring an additional 1,719,494 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Healthcare Services Group by 61.4% in the second quarter. Mackenzie Financial Corp now owns 3,072,947 shares of the business services provider’s stock valued at $93,172,000 after acquiring an additional 1,169,018 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Healthcare Services Group by 23.6% in the second quarter. Van Berkom & Associates Inc. now owns 1,993,773 shares of the business services provider’s stock valued at $60,451,000 after acquiring an additional 380,175 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Healthcare Services Group in the third quarter valued at approximately $9,106,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Healthcare Services Group in the second quarter valued at approximately $9,859,000.

In related news, Director Robert L. Frome sold 8,500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $24.06, for a total transaction of $204,510.00. Following the completion of the sale, the director now directly owns 9,907 shares of the company’s stock, valued at $238,362.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

HCSG stock opened at $25.61 on Tuesday. Healthcare Services Group, Inc. has a 12 month low of $21.16 and a 12 month high of $48.73. The firm has a market cap of $1.88 billion, a PE ratio of 24.64 and a beta of 0.73. The firm has a 50 day simple moving average of $24.58 and a 200 day simple moving average of $27.66.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Healthcare Services Group had a net margin of 4.09% and a return on equity of 17.28%. The business had revenue of $455.60 million for the quarter, compared to analyst estimates of $451.31 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts forecast that Healthcare Services Group, Inc. will post 0.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 22nd will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 3.12%. Healthcare Services Group’s dividend payout ratio is currently 71.43%.

Several research firms have recently issued reports on HCSG. Credit Suisse Group reiterated a “buy” rating and issued a $32.00 price objective on shares of Healthcare Services Group in a report on Thursday, October 24th. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Benchmark reissued a “buy” rating and set a $34.00 target price (down from $37.00) on shares of Healthcare Services Group in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.00.

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

Read More: What are the most popular ETFs

Want to see what other hedge funds are holding HCSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Services Group, Inc. (NASDAQ:HCSG).

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.