Healthcare Services Group, Inc. (HCSG) Position Raised by UBS Group AG

UBS Group AG boosted its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 25.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,162,065 shares of the business services provider’s stock after purchasing an additional 233,246 shares during the period. UBS Group AG’s holdings in Healthcare Services Group were worth $50,527,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HCSG. Aperio Group LLC boosted its position in Healthcare Services Group by 3.9% in the 4th quarter. Aperio Group LLC now owns 34,515 shares of the business services provider’s stock valued at $1,820,000 after buying an additional 1,284 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Healthcare Services Group by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 100,656 shares of the business services provider’s stock worth $5,308,000 after purchasing an additional 1,310 shares during the last quarter. Israel Discount Bank of New York boosted its position in shares of Healthcare Services Group by 112.2% in the 4th quarter. Israel Discount Bank of New York now owns 2,515 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,330 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Healthcare Services Group by 61.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,670 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Healthcare Services Group by 52.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,109 shares of the business services provider’s stock worth $217,000 after purchasing an additional 1,409 shares during the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Shares of HCSG stock opened at $41.63 on Thursday. The company has a market capitalization of $2.88 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.31 and a beta of 0.81. Healthcare Services Group, Inc. has a 1 year low of $35.04 and a 1 year high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, April 17th. The business services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.38). Healthcare Services Group had a net margin of 3.38% and a return on equity of 16.99%. The company had revenue of $501.81 million during the quarter, compared to the consensus estimate of $505.44 million. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. research analysts predict that Healthcare Services Group, Inc. will post 1.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 25th will be issued a dividend of $0.1925 per share. The ex-dividend date of this dividend is Thursday, May 24th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 1.85%. Healthcare Services Group’s dividend payout ratio is 64.71%.

Several analysts recently commented on HCSG shares. BidaskClub downgraded Healthcare Services Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Robert W. Baird reduced their price target on Healthcare Services Group from $50.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, April 17th. Stifel Nicolaus cut Healthcare Services Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $57.00 to $44.00 in a report on Wednesday, April 18th. Finally, Credit Suisse Group reduced their price objective on Healthcare Services Group from $62.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, April 18th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $46.33.

In other Healthcare Services Group news, Director Robert J. Moss sold 2,000 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $44.50, for a total transaction of $89,000.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at $89,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dino D. Ottaviano sold 1,500 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $45.15, for a total transaction of $67,725.00. Following the sale, the director now directly owns 2,044 shares in the company, valued at approximately $92,286.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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 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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