Conestoga Capital Advisors LLC lessened its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 912,722 shares of the business services provider’s stock after selling 56,731 shares during the period. Healthcare Services Group makes up approximately 2.2% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Conestoga Capital Advisors LLC owned about 1.24% of Healthcare Services Group worth $49,260,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. 1st Global Advisors Inc. boosted its holdings in shares of Healthcare Services Group by 0.5% during the second quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock worth $796,000 after acquiring an additional 81 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Healthcare Services Group by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 5,809 shares of the business services provider’s stock valued at $272,000 after buying an additional 94 shares during the period. TD Asset Management Inc. boosted its stake in shares of Healthcare Services Group by 1.0% in the second quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock valued at $491,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in shares of Healthcare Services Group by 0.3% in the second quarter. Arizona State Retirement System now owns 38,045 shares of the business services provider’s stock valued at $1,782,000 after buying an additional 100 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of 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 valued at $133,000 after buying an additional 108 shares during the period. Institutional investors own 91.37% of the company’s stock.

Shares of Healthcare Services Group, Inc. (HCSG) traded down 0.93% during midday trading on Wednesday, hitting $52.40. The company had a trading volume of 51,167 shares. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 44.03 and a beta of 0.62. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $55.68. The company’s 50-day moving average price is $53.24 and its 200 day moving average price is $49.99.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The business had revenue of $491.40 million during the quarter, compared to analyst estimates of $485.53 million. During the same period in the previous year, the business earned $0.27 EPS. Healthcare Services Group’s revenue was up 25.1% compared to the same quarter last year. Equities research analysts predict that Healthcare Services Group, Inc. will post $1.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 16th. Healthcare Services Group’s payout ratio is currently 63.03%.

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 32,542 shares of the company’s stock, valued at approximately $1,686,326.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Briggs sold 2,500 shares of the firm’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 transaction, the director now directly owns 18,579 shares of the company’s stock, valued at $942,884.25. The disclosure for this sale can be found here. Insiders sold a total of 29,750 shares of company stock valued at $1,539,825 over the last quarter. 4.30% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a research note on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 price target (up from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. BidaskClub cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird boosted their price target on 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.60.

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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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