15,300 Shares in Healthcare Services Group, Inc. (NASDAQ:HCSG) Bought by ARP Americas LP

ARP Americas LP acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,300 shares of the business services provider’s stock, valued at approximately $374,000.

Several other large investors also recently modified their holdings of the stock. Mason Street Advisors LLC increased its stake in Healthcare Services Group by 1.4% in the 4th quarter. Mason Street Advisors LLC now owns 39,423 shares of the business services provider’s stock valued at $959,000 after buying an additional 556 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Healthcare Services Group by 4.6% in the 1st quarter. State of Alaska Department of Revenue now owns 12,746 shares of the business services provider’s stock valued at $304,000 after buying an additional 558 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Healthcare Services Group by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the business services provider’s stock valued at $455,000 after buying an additional 700 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Healthcare Services Group by 7.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the business services provider’s stock valued at $264,000 after buying an additional 803 shares during the last quarter. Finally, Rodgers Brothers Inc. increased its stake in Healthcare Services Group by 2.8% in the 1st quarter. Rodgers Brothers Inc. now owns 33,300 shares of the business services provider’s stock valued at $796,000 after buying an additional 900 shares during the last quarter.

Several equities research analysts have issued reports on HCSG shares. Benchmark lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank of Canada lowered their price target on shares of Healthcare Services Group from $26.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. Credit Suisse Group lowered their price target on shares of Healthcare Services Group from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Thursday, July 23rd. Finally, ValuEngine lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Healthcare Services Group has a consensus rating of “Hold” and an average price target of $28.17.

Shares of HCSG stock traded up $0.08 during midday trading on Friday, hitting $26.19. 475,270 shares of the company were exchanged, compared to its average volume of 722,787. The firm has a market capitalization of $1.95 billion, a P/E ratio of 24.25 and a beta of 0.61. The firm’s 50 day moving average price is $24.96 and its two-hundred day moving average price is $24.80. Healthcare Services Group, Inc. has a 52 week low of $15.80 and a 52 week high of $31.30.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, July 21st. The business services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $452.03 million during the quarter, compared to the consensus estimate of $450.41 million. Healthcare Services Group had a net margin of 4.46% and a return on equity of 17.86%. As a group, equities research analysts predict that Healthcare Services Group, Inc. will post 1.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 21st will be issued a dividend of $0.204 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.82 annualized dividend and a dividend yield of 3.12%. Healthcare Services Group’s payout ratio is presently 93.10%.

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 of 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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