Strs Ohio increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,000 shares of the business services provider’s stock after buying an additional 1,300 shares during the period. Strs Ohio’s holdings in Healthcare Services Group were worth $421,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Miles Capital Inc. increased its stake in Healthcare Services Group by 0.3% in the first quarter. Miles Capital Inc. now owns 6,881 shares of the business services provider’s stock worth $297,000 after buying an additional 20 shares during the last quarter. Ashford Capital Management Inc. boosted its position in Healthcare Services Group by 0.3% in the first quarter. Ashford Capital Management Inc. now owns 28,398 shares of the business services provider’s stock worth $1,224,000 after buying an additional 95 shares during the period. LS Investment Advisors LLC boosted its position in Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares during the period. State of Alaska Department of Revenue boosted its position in Healthcare Services Group by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 8,070 shares of the business services provider’s stock worth $347,000 after buying an additional 180 shares during the period. Finally, Bell Bank boosted its position in Healthcare Services Group by 2.4% in the first quarter. Bell Bank now owns 7,858 shares of the business services provider’s stock worth $339,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.

Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 51.01 on Wednesday. The stock’s 50 day moving average price is $51.52 and its 200-day moving average price is $46.46. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28. The firm has a market cap of $3.73 billion, a PE ratio of 44.75 and a beta of 0.61.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The firm had revenue of $470.90 million during the quarter, compared to the consensus estimate of $425.24 million. During the same quarter last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a $0.1888 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio is 65.22%.

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A number of research firms have recently commented on HCSG. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a report on Tuesday, August 22nd. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and set a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a report on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Healthcare Services Group in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.00.

In related news, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $51.82, for a total value of $1,165,950.00. Following the sale, the insider now directly owns 32,542 shares of the company’s stock, valued at approximately $1,686,326.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Briggs sold 2,500 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $47.52, for a total transaction of $118,800.00. Following the completion of the sale, the director now directly owns 22,017 shares in the company, valued at $1,046,247.84. The disclosure for this sale can be found here. Insiders sold a total of 49,235 shares of company stock worth $2,494,065 over the last three months. 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.

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

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