New York State Common Retirement Fund increased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,200 shares of the business services provider’s stock after buying an additional 3,499 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Healthcare Services Group worth $3,615,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HCSG. First Trust Advisors LP grew its stake in Healthcare Services Group by 4.1% in the 1st quarter. First Trust Advisors LP now owns 22,145 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 866 shares during the period. UBS Asset Management Americas Inc. grew its stake in Healthcare Services Group by 57.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 43,749 shares of the business services provider’s stock valued at $1,885,000 after purchasing an additional 15,973 shares during the period. Prudential Financial Inc. grew its stake in Healthcare Services Group by 0.8% in the 1st quarter. Prudential Financial Inc. now owns 125,818 shares of the business services provider’s stock valued at $5,421,000 after purchasing an additional 1,010 shares during the period. OppenheimerFunds Inc. grew its stake in Healthcare Services Group by 16.0% in the 1st quarter. OppenheimerFunds Inc. now owns 27,847 shares of the business services provider’s stock valued at $1,200,000 after purchasing an additional 3,847 shares during the period. Finally, Teachers Advisors LLC grew its stake in Healthcare Services Group by 8.4% in the 1st quarter. Teachers Advisors LLC now owns 121,573 shares of the business services provider’s stock valued at $5,239,000 after purchasing an additional 9,418 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.

In related news, Director John Briggs sold 2,500 shares of Healthcare Services Group stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total value of $126,875.00. Following the completion of the sale, the director now owns 18,579 shares of the company’s stock, valued at $942,884.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Christopher Shea sold 4,750 shares of Healthcare Services Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total value of $247,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,157 shares of the company’s stock, valued at approximately $372,164. The disclosure for this sale can be found here. Insiders sold 34,750 shares of company stock valued at $1,804,825 in the last 90 days. Company insiders own 4.30% of the company’s stock.

HCSG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.60.

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Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 51.92 on Thursday. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $55.68. The firm has a 50-day moving average price of $52.84 and a 200-day moving average price of $49.33. The company has a market cap of $3.80 billion, a P/E ratio of 45.54 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a return on equity of 24.74% and a net margin of 5.00%. The firm had revenue of $491.40 million during the quarter, compared to analysts’ expectations of $485.53 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue was up 25.1% on a year-over-year basis. Equities research analysts anticipate that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be paid a $0.19 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.76 annualized dividend 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 payout ratio is currently 63.03%.

Healthcare Services Group Company 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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