Public Employees Retirement System of Ohio boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 35.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,886 shares of the business services provider’s stock after acquiring an additional 22,550 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.12% of Healthcare Services Group worth $2,604,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HCSG. Wasatch Advisors Inc. raised its stake in shares of Healthcare Services Group by 62.9% in the second quarter. Wasatch Advisors Inc. now owns 4,451,427 shares of the business services provider’s stock valued at $134,967,000 after purchasing an additional 1,719,494 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Healthcare Services Group in the first quarter worth about $29,635,000. AMI Asset Management Corp increased its holdings in shares of Healthcare Services Group by 38.9% in the second quarter. AMI Asset Management Corp now owns 1,147,007 shares of the business services provider’s stock worth $34,767,000 after buying an additional 321,094 shares during the period. Giverny Capital Inc. increased its holdings in shares of Healthcare Services Group by 3,000.9% in the first quarter. Giverny Capital Inc. now owns 287,334 shares of the business services provider’s stock worth $9,479,000 after buying an additional 278,068 shares during the period. Finally, Fenimore Asset Management Inc. purchased a new position in shares of Healthcare Services Group in the second quarter worth about $6,815,000.

Several research firms recently issued reports on HCSG. Benchmark reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, June 27th. Credit Suisse Group decreased their price objective on shares of Healthcare Services Group from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Zacks Investment Research downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Healthcare Services Group in a research note on Friday, July 12th. Finally, ValuEngine downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Healthcare Services Group presently has a consensus rating of “Hold” and a consensus price target of $39.29.

In related news, Director Robert L. Frome sold 8,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $24.06, for a total value of $204,510.00. Following the completion of the transaction, the director now directly owns 9,907 shares of the company’s stock, valued at $238,362.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

HCSG traded down $0.16 on Monday, reaching $25.54. The company had a trading volume of 14,355 shares, compared to its average volume of 655,488. The company has a fifty day moving average of $23.07 and a 200-day moving average of $30.35. The company has a market capitalization of $1.90 billion, a P/E ratio of 22.85 and a beta of 0.71. Healthcare Services Group, Inc. has a one year low of $21.16 and a one year high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Tuesday, July 23rd. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.11). The firm had revenue of $462.10 million during the quarter, compared to the consensus estimate of $477.68 million. Healthcare Services Group had a return on equity of 19.40% and a net margin of 4.38%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be given a $0.199 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, August 22nd. Healthcare Services Group’s dividend payout ratio (DPR) is 71.43%.

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.

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

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