First Republic Investment Management Inc. cut its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 18.5% in the 1st quarter, Holdings Channel reports. The fund owned 8,669 shares of the business services provider’s stock after selling 1,965 shares during the quarter. First Republic Investment Management Inc.’s holdings in Healthcare Services Group were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Healthcare Services Group by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 67,230 shares of the business services provider’s stock valued at $2,732,000 after acquiring an additional 3,918 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Healthcare Services Group by 2.1% in the third quarter. Teachers Advisors LLC now owns 151,656 shares of the business services provider’s stock valued at $6,160,000 after acquiring an additional 3,086 shares in the last quarter. Legal & General Group Plc boosted its holdings in Healthcare Services Group by 5.3% in the third quarter. Legal & General Group Plc now owns 74,200 shares of the business services provider’s stock valued at $3,014,000 after acquiring an additional 3,718 shares in the last quarter. Virtu Financial LLC bought a new stake in Healthcare Services Group in the fourth quarter valued at $228,000. Finally, Bank of Montreal Can boosted its holdings in Healthcare Services Group by 2.1% in the fourth quarter. Bank of Montreal Can now owns 295,584 shares of the business services provider’s stock valued at $11,876,000 after acquiring an additional 6,162 shares in the last quarter.

Shares of Healthcare Services Group stock opened at $33.60 on Monday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.45 and a beta of 0.83. Healthcare Services Group, Inc. has a 12 month low of $28.24 and a 12 month high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $476.11 million for the quarter, compared to analysts’ expectations of $489.64 million. Healthcare Services Group had a net margin of 4.67% and a return on equity of 21.65%. Healthcare Services Group’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Healthcare Services Group, Inc. will post 1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be given a dividend of $0.1975 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.79 annualized dividend and a yield of 2.35%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s dividend payout ratio (DPR) is currently 70.54%.

Several analysts recently weighed in on HCSG shares. Zacks Investment Research upgraded shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Stifel Nicolaus reiterated a “sell” rating on shares of Healthcare Services Group in a report on Saturday, February 2nd. ValuEngine cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Benchmark set a $50.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.33.

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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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

Further Reading: Quiet Period Expirations

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

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