Public Employees Retirement System of Ohio increased its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 949.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,532 shares of the business services provider’s stock after purchasing an additional 28,527 shares during the period. Public Employees Retirement System of Ohio’s holdings in Healthcare Services Group were worth $1,702,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in Healthcare Services Group by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 258,074 shares of the business services provider’s stock valued at $13,928,000 after buying an additional 17,074 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Healthcare Services Group in the 3rd quarter valued at about $360,000. Oppenheimer Asset Management Inc. boosted its position in Healthcare Services Group by 4.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,964 shares of the business services provider’s stock valued at $4,478,000 after buying an additional 3,182 shares during the period. First Republic Investment Management Inc. boosted its position in Healthcare Services Group by 29.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 8,199 shares of the business services provider’s stock valued at $442,000 after buying an additional 1,874 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in Healthcare Services Group in the 3rd quarter valued at about $725,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at $51.90 on Thursday. Healthcare Services Group, Inc. has a twelve month low of $37.54 and a twelve month high of $55.68. The company has a market cap of $3,780.00, a PE ratio of 43.61, a PEG ratio of 3.31 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 EPS for the quarter, meeting the consensus estimate 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 quarter in the previous year, the business posted $0.27 EPS. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. equities analysts forecast that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, November 17th were issued a $0.19 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is currently 63.87%.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Robert W. Baird restated a “buy” rating and issued a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Jefferies Group restated a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a report on Friday, September 29th. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.80.

In related news, EVP Michael E. Mcbryan sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total transaction of $42,400.00. Following the completion of the transaction, the executive vice president now owns 14,413 shares in the company, valued at approximately $763,889. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The disclosure for this sale can be found here. 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.

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

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