Thrivent Financial For Lutherans reduced its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,607 shares of the business services provider’s stock after selling 37,050 shares during the period. Thrivent Financial For Lutherans owned approximately 0.20% of Healthcare Services Group worth $6,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 242 shares during the period. LS Investment Advisors LLC increased its position in shares of Healthcare Services Group by 4.0% during the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 108 shares during the period. Bruderman Asset Management LLC bought a new stake in shares of Healthcare Services Group during the second quarter valued at approximately $170,000. Riverhead Capital Management LLC increased its position in shares of Healthcare Services Group by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,659 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Healthcare Services Group during the first quarter valued at approximately $202,000. 91.72% of the stock is currently owned by institutional investors.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 53.19 on Friday. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28. The company has a 50-day moving average price of $51.15 and a 200 day moving average price of $47.64. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 46.66 and a beta of 0.63.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The firm had revenue of $470.90 million for the quarter, compared to analyst estimates of $425.24 million. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue was up 21.8% on a year-over-year basis. Analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 18th were paid a dividend of $0.1888 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Wednesday, August 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is 65.22%.

A number of analysts have recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. Credit Suisse Group restated an “outperform” rating and set a $56.00 price objective (up from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. BidaskClub cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird boosted their price objective on Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Healthcare Services Group presently has a consensus rating of “Buy” and a consensus target price of $53.00.

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 stock was sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the transaction, the insider now owns 32,542 shares in the company, valued at approximately $1,686,326.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Frome sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the director now owns 20,501 shares in the company, valued at approximately $1,086,553. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,750 shares of company stock worth $1,910,345. Corporate 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.

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

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