Healthcare Services Group, Inc. (HCSG) Position Raised by Scout Investments Inc.

Scout Investments Inc. boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,660 shares of the business services provider’s stock after buying an additional 1,968 shares during the quarter. Scout Investments Inc. owned approximately 0.13% of Healthcare Services Group worth $3,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HCSG. Raymond James Trust N.A. bought a new position in Healthcare Services Group in the 2nd quarter worth $203,000. Brookstone Capital Management bought a new position in Healthcare Services Group in the 2nd quarter worth $203,000. Allianz Asset Management GmbH bought a new position in Healthcare Services Group in the 1st quarter worth $212,000. Signature Financial Management Inc. bought a new position in Healthcare Services Group in the 2nd quarter worth $216,000. Finally, Eqis Capital Management Inc. bought a new position in Healthcare Services Group in the 2nd quarter worth $222,000.

Several brokerages have commented on HCSG. Zacks Investment Research upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Saturday, September 15th. Stifel Nicolaus lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $44.00 to $35.00 in a report on Wednesday, July 18th. Finally, Jefferies Financial Group upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $53.00 in a report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

NASDAQ:HCSG opened at $41.82 on Friday. The stock has a market capitalization of $3.05 billion, a PE ratio of 35.02 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 released its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $506.90 million during the quarter, compared to analysts’ expectations of $510.27 million. Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, research analysts anticipate that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.87%. Healthcare Services Group’s dividend payout ratio is currently 64.71%.

In other news, Director Dino D. Ottaviano sold 1,150 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $41.05, for a total value of $47,207.50. Following the sale, the director now directly owns 1,694 shares of the company’s stock, valued at approximately $69,538.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Moss sold 3,001 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $41.64, for a total transaction of $124,961.64. Following the completion of the sale, the director now directly owns 3,001 shares in the company, valued at $124,961.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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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