Healthcare Services Group, Inc. $HCSG Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,044,688 shares of the business services provider’s stock after selling 83,811 shares during the period. Mackenzie Financial Corp owned 0.06% of Healthcare Services Group worth $68,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Healthcare Services Group by 23.3% in the third quarter. Franklin Resources Inc. now owns 975,954 shares of the business services provider’s stock valued at $16,425,000 after acquiring an additional 184,724 shares during the period. Legal & General Group Plc raised its position in shares of Healthcare Services Group by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 200,393 shares of the business services provider’s stock worth $3,373,000 after purchasing an additional 970 shares during the period. Vestcor Inc bought a new stake in shares of Healthcare Services Group in the 3rd quarter worth approximately $234,000. Swiss National Bank lifted its holdings in shares of Healthcare Services Group by 1.5% in the 3rd quarter. Swiss National Bank now owns 141,363 shares of the business services provider’s stock worth $2,379,000 after purchasing an additional 2,100 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in Healthcare Services Group by 52.1% during the 3rd quarter. WINTON GROUP Ltd now owns 65,578 shares of the business services provider’s stock valued at $1,104,000 after purchasing an additional 22,458 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Macquarie Infrastructure reaffirmed a “buy” rating on shares of Healthcare Services Group in a research report on Wednesday, November 26th. BMO Capital Markets reissued a “market perform” rating and set a $22.00 price target on shares of Healthcare Services Group in a report on Thursday, February 12th. Robert W. Baird set a $23.00 price target on shares of Healthcare Services Group in a research report on Thursday, February 12th. William Blair raised shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a report on Friday, February 20th. Finally, UBS Group set a $25.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Healthcare Services Group currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Insider Activity at Healthcare Services Group

In related news, CAO Andrew M. Brophy sold 2,490 shares of Healthcare Services Group stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $21.75, for a total transaction of $54,157.50. Following the sale, the chief accounting officer directly owned 15,735 shares in the company, valued at $342,236.25. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Christopher Shea sold 54,357 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.41, for a total transaction of $1,109,426.37. Following the completion of the sale, the executive vice president directly owned 29,292 shares of the company’s stock, valued at $597,849.72. The trade was a 64.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,962 shares of company stock worth $3,014,100 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Healthcare Services Group Price Performance

HCSG opened at $20.04 on Thursday. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $22.98. The stock has a market cap of $1.41 billion, a P/E ratio of 24.44 and a beta of 0.73. The stock’s 50 day moving average price is $19.88 and its 200 day moving average price is $18.28.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Wednesday, February 11th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.21. Healthcare Services Group had a return on equity of 16.04% and a net margin of 3.21%.The firm had revenue of $466.68 million for the quarter, compared to the consensus estimate of $467.24 million. During the same quarter in the previous year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Healthcare Services Group Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.