Healthcare Services Group, Inc. (HCSG) Shares Bought by K.J. Harrison & Partners Inc

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K.J. Harrison & Partners Inc increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 48.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,900 shares of the business services provider’s stock after acquiring an additional 14,900 shares during the quarter. K.J. Harrison & Partners Inc owned approximately 0.06% of Healthcare Services Group worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HCSG. Raymond James Trust N.A. acquired a new position in shares of Healthcare Services Group during the 2nd quarter valued at about $203,000. Brookstone Capital Management acquired a new position in shares of Healthcare Services Group during the 2nd quarter valued at about $203,000. Allianz Asset Management GmbH acquired a new position in shares of Healthcare Services Group during the 1st quarter valued at about $212,000. Signature Financial Management Inc. acquired a new position in shares of Healthcare Services Group during the 2nd quarter valued at about $216,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Healthcare Services Group during the 2nd quarter valued at about $222,000.

NASDAQ:HCSG traded down $0.03 on Friday, reaching $44.11. 508,917 shares of the company’s stock were exchanged, compared to its average volume of 975,337. The firm has a market capitalization of $3.26 billion, a PE ratio of 37.07 and a beta of 0.71. Healthcare Services Group, Inc. has a 52-week low of $35.04 and a 52-week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $506.90 million for 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 revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. As a group, equities analysts forecast that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.195 per share. 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 dividend on an annualized basis and a yield of 1.77%. Healthcare Services Group’s dividend payout ratio is 64.71%.

In related news, Director Dino D. Ottaviano sold 1,150 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $41.05, for a total transaction of $47,207.50. Following the sale, the director now directly owns 1,694 shares in the company, valued at $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 5,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $43.95, for a total transaction of $219,793.95. Following the sale, the director now owns 5,001 shares in the company, valued at $219,793.95. The disclosure for this sale can be found here. Insiders have sold 9,152 shares of company stock worth $391,963 over the last quarter. Insiders own 1.00% of the company’s stock.

HCSG has been the topic of several research analyst reports. ValuEngine upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Stephens initiated coverage on shares of Healthcare Services Group in a report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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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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