K.J. Harrison & Partners Inc Has $1.86 Million Position in Healthcare Services Group, Inc. (HCSG)

Share on StockTwits

K.J. Harrison & Partners Inc boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 48.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,900 shares of the business services provider’s stock after buying 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Trust N.A. acquired a new stake in Healthcare Services Group in the second quarter valued at approximately $203,000. Brookstone Capital Management acquired a new stake in Healthcare Services Group in the second quarter valued at approximately $203,000. Allianz Asset Management GmbH acquired a new stake in Healthcare Services Group in the first quarter valued at approximately $212,000. Signature Financial Management Inc. acquired a new stake in Healthcare Services Group in the second quarter valued at approximately $216,000. Finally, Eqis Capital Management Inc. acquired a new stake in Healthcare Services Group in the second quarter valued at approximately $222,000.

A number of equities research analysts have commented on the company. ValuEngine raised Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Berenberg Bank assumed coverage on Healthcare Services Group in a research report on Thursday, October 4th. They issued a “hold” rating and a $40.00 price objective on the stock. Zacks Investment Research cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Stephens started coverage on Healthcare Services Group in a research note on Tuesday, October 2nd. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Healthcare Services Group has an average rating of “Buy” and a consensus target price of $46.00.

NASDAQ:HCSG opened at $44.08 on Friday. Healthcare Services Group, Inc. has a 52-week low of $35.04 and a 52-week high of $56.20. The firm has a market cap of $3.25 billion, a P/E ratio of 45.44 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The business had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Healthcare Services Group’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts anticipate that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be issued a $0.195 dividend. This is a boost 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 1.77%. The ex-dividend date is Wednesday, November 21st. Healthcare Services Group’s dividend payout ratio is presently 64.71%.

In other Healthcare Services Group news, Director Robert J. Moss sold 3,001 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 3,001 shares of the company’s stock, valued at approximately $124,961.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Moss sold 5,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the transaction, the director now directly owns 5,001 shares of the company’s stock, valued at approximately $219,793.95. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “K.J. Harrison & Partners Inc Has $1.86 Million Position in Healthcare Services Group, Inc. (HCSG)” was reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://baseballnewssource.com/2018/11/18/k-j-harrison-partners-inc-has-1-86-million-position-in-healthcare-services-group-inc-hcsg/2886608.html.

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.

See Also: Analyzing a company’s cash flow statement

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.