Raymond James Financial Services Advisors Inc. decreased its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,673 shares of the business services provider’s stock after selling 8,176 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.14% of Healthcare Services Group worth $4,668,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake 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 during the last quarter. Vanguard Group Inc. lifted its stake in Healthcare Services Group by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock valued at $325,763,000 after purchasing an additional 123,503 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Healthcare Services Group by 173.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock valued at $97,658,000 after purchasing an additional 1,322,948 shares during the last quarter. State Street Corp lifted its stake in Healthcare Services Group by 4.3% in the 2nd quarter. State Street Corp now owns 1,752,352 shares of the business services provider’s stock valued at $82,064,000 after purchasing an additional 71,873 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Healthcare Services Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,165,805 shares of the business services provider’s stock valued at $54,595,000 after purchasing an additional 27,427 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group, Inc. (HCSG) traded down 0.33% during trading on Friday, hitting $54.87. 408,769 shares of the stock traded hands. The company has a 50-day moving average price of $52.63 and a 200-day moving average price of $49.05. Healthcare Services Group, Inc. has a 12 month low of $34.83 and a 12 month high of $55.68. The stock has a market cap of $4.02 billion, a PE ratio of 48.13 and a beta of 0.62.

Several equities analysts have recently issued reports on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a research note on Tuesday, August 22nd. 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 note on Thursday, July 13th. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird raised their price target 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 price target for the company in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $53.00.

In related news, Director John Briggs sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total transaction of $126,875.00. Following the completion of the sale, the director now directly owns 18,579 shares in the company, valued at approximately $942,884.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the sale, the insider now owns 32,542 shares of the company’s stock, valued at $1,686,326.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,750 shares of company stock valued at $1,804,825. Company insiders own 4.30% of the company’s stock.

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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 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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