UBS Asset Management Americas Inc. increased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 57.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,749 shares of the business services provider’s stock after buying an additional 15,973 shares during the period. UBS Asset Management Americas Inc. owned 0.06% of Healthcare Services Group worth $1,885,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HCSG. Swiss National Bank increased its position in Healthcare Services Group by 0.8% in the first quarter. Swiss National Bank now owns 120,063 shares of the business services provider’s stock worth $5,174,000 after buying an additional 1,000 shares during the last quarter. Comerica Bank increased its stake in shares of Healthcare Services Group by 1.5% in the first quarter. Comerica Bank now owns 106,126 shares of the business services provider’s stock valued at $4,939,000 after buying an additional 1,520 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Healthcare Services Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 1,139,255 shares of the business services provider’s stock valued at $49,090,000 after buying an additional 31,427 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of Healthcare Services Group by 0.8% in the first quarter. Elkfork Partners LLC now owns 96,852 shares of the business services provider’s stock valued at $4,173,000 after buying an additional 756 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Healthcare Services Group by 4.1% in the first quarter. First Trust Advisors LP now owns 22,145 shares of the business services provider’s stock valued at $954,000 after buying an additional 866 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

Shares of Healthcare Services Group, Inc. (NASDAQ HCSG) traded down 0.17% during mid-day trading on Friday, hitting $51.41. 402,685 shares of the stock were exchanged. The company has a market capitalization of $3.76 billion, a PE ratio of 45.10 and a beta of 0.61. The firm has a 50-day moving average price of $49.61 and a 200 day moving average price of $45.10. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $470.90 million for the quarter, compared to analyst estimates of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, equities research analysts expect that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be given a dividend of $0.1888 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 1.47%. Healthcare Services Group’s dividend payout ratio is 65.22%.

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A number of research firms have commented on HCSG. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, July 14th. BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 target price (up from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a research note on Tuesday, June 6th. Finally, Robert W. Baird lifted their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.00.

In other Healthcare Services Group news, Director Robert L. Frome sold 7,485 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $47.00, for a total value of $351,795.00. Following the completion of the sale, the director now owns 37,986 shares in the company, valued at approximately $1,785,342. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel P. Mccartney sold 113,901 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.87, for a total value of $5,224,638.87. The disclosure for this sale can be found here. Insiders have sold a total of 135,886 shares of company stock worth $6,305,754 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

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 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)

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