Shufro Rose & Co. LLC decreased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 19,750 shares of the business services provider’s stock after selling 500 shares during the period. Shufro Rose & Co. LLC’s holdings in Healthcare Services Group were worth $925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its position in Healthcare Services Group by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 112,155 shares of the business services provider’s stock worth $4,393,000 after buying an additional 2,514 shares during the last quarter. Atria Investments LLC purchased a new position in Healthcare Services Group during the first quarter worth about $223,000. Louisiana State Employees Retirement System raised its position in Healthcare Services Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 29,700 shares of the business services provider’s stock worth $1,280,000 after buying an additional 500 shares during the last quarter. Legato Capital Management LLC raised its position in Healthcare Services Group by 4,209.0% in the first quarter. Legato Capital Management LLC now owns 52,225 shares of the business services provider’s stock worth $1,212,000 after buying an additional 51,013 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in Healthcare Services Group by 7.0% in the first quarter. Conestoga Capital Advisors LLC now owns 910,153 shares of the business services provider’s stock worth $39,218,000 after buying an additional 59,522 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Healthcare Services Group, Inc. (HCSG) opened at 51.86 on Tuesday. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 45.49 and a beta of 0.61. The stock has a 50 day moving average of $50.57 and a 200-day moving average of $45.81.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors 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 represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is 65.22%.

ILLEGAL ACTIVITY WARNING: “Shufro Rose & Co. LLC Has $925,000 Position in Healthcare Services Group, Inc. (HCSG)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/15/shufro-rose-co-llc-has-925000-position-in-healthcare-services-group-inc-hcsg.html.

A number of research analysts have issued reports on HCSG shares. Stifel Nicolaus boosted their target price on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Credit Suisse Group started coverage on shares of Healthcare Services Group in a research note on Friday, May 19th. They set an “outperform” rating and a $50.00 target price for the company. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a research note on Tuesday, June 6th. Robert W. Baird boosted 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. Finally, Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Healthcare Services Group has an average rating of “Buy” and a consensus 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 dated Friday, June 9th. The shares were sold at an average price of $47.00, for a total transaction of $351,795.00. Following the sale, the director now owns 37,986 shares of the company’s stock, valued at approximately $1,785,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Frome sold 5,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $48.00, for a total transaction of $240,000.00. Following the sale, the director now directly owns 25,501 shares in the company, valued at approximately $1,224,048. The disclosure for this sale can be found here. Insiders have sold a total of 49,235 shares of company stock valued at $2,494,065 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding HCSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Services Group, Inc. (NASDAQ:HCSG).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.