Healthcare Services Group, Inc. (HCSG) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,956,281 shares of the business services provider’s stock after buying an additional 123,503 shares during the period. Vanguard Group Inc. owned approximately 9.51% of Healthcare Services Group worth $325,763,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Healthcare Services Group by 145,799.8% in the 1st quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock valued at $378,341,000 after purchasing an additional 8,774,230 shares in the last quarter. State Street Corp increased its holdings in Healthcare Services Group by 8.5% in the 1st quarter. State Street Corp now owns 1,680,479 shares of the business services provider’s stock valued at $72,412,000 after purchasing an additional 131,987 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Healthcare Services Group by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,138,378 shares of the business services provider’s stock valued at $49,053,000 after purchasing an additional 3,898 shares in the last quarter. Northern Trust Corp increased its holdings in Healthcare Services Group by 2.3% in the 2nd quarter. Northern Trust Corp now owns 1,127,536 shares of the business services provider’s stock valued at $52,803,000 after purchasing an additional 25,514 shares in the last quarter. Finally, UBS Group AG increased its holdings in Healthcare Services Group by 6.4% in the 1st quarter. UBS Group AG now owns 1,007,001 shares of the business services provider’s stock valued at $43,392,000 after purchasing an additional 60,881 shares in the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Healthcare Services Group, Inc. (HCSG) Stake Increased by Vanguard Group Inc.” was reported by BBNS and is owned by of BBNS. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://baseballnewssource.com/markets/vanguard-group-inc-has-325-76-million-holdings-in-healthcare-services-group-inc-hcsg/1701781.html.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, October 17th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business had revenue of $491.40 million for the quarter, compared to the consensus estimate of $485.53 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 65.22%.

In other news, Director Robert L. Frome sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the director now owns 20,501 shares in the company, valued at approximately $1,086,553. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the completion of the transaction, the insider now owns 32,542 shares in the company, valued at approximately $1,686,326.44. The disclosure for this sale can be found here. Insiders sold a total of 34,750 shares of company stock worth $1,804,825 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

HCSG has been the subject of several recent analyst reports. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a research report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Healthcare Services Group presently has an average rating of “Buy” and a consensus target price of $53.00.

Healthcare Services Group Company Profile

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

Receive News & Ratings for Healthcare Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.