Legacy Capital Partners Inc. Has $522,000 Position in Healthcare Services Group, Inc. (HCSG)

Legacy Capital Partners Inc. held its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the first quarter, Holdings Channel reports. The firm owned 12,100 shares of the business services provider’s stock at the end of the first quarter. Legacy Capital Partners Inc.’s holdings in Healthcare Services Group were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HCSG. Profund Advisors LLC increased its stake in Healthcare Services Group by 14.1% in the third quarter. Profund Advisors LLC now owns 13,443 shares of the business services provider’s stock valued at $532,000 after buying an additional 1,662 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in Healthcare Services Group by 7.8% in the first quarter. Dubuque Bank & Trust Co. now owns 8,798 shares of the business services provider’s stock valued at $379,000 after buying an additional 634 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in Healthcare Services Group by 58.3% in the third quarter. Osborne Partners Capital Management LLC now owns 20,900 shares of the business services provider’s stock valued at $827,000 after buying an additional 7,700 shares in the last quarter. ProShare Advisors LLC increased its stake in Healthcare Services Group by 32.7% in the third quarter. ProShare Advisors LLC now owns 78,516 shares of the business services provider’s stock valued at $3,108,000 after buying an additional 19,336 shares in the last quarter. Finally, State Street Corp increased its stake in Healthcare Services Group by 7.0% in the fourth quarter. State Street Corp now owns 1,548,492 shares of the business services provider’s stock valued at $60,654,000 after buying an additional 100,771 shares in the last quarter. 93.71% of the stock is owned by institutional investors and hedge funds.

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

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up 1.50% during trading on Friday, hitting $46.57. 324,643 shares of the stock traded hands. The firm’s 50-day moving average price is $44.94 and its 200-day moving average price is $41.23. The stock has a market cap of $3.40 billion, a PE ratio of 42.72 and a beta of 0.68. Healthcare Services Group, Inc. has a 12 month low of $34.83 and a 12 month high of $47.05.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, April 11th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Healthcare Services Group had a net margin of 4.95% and a return on equity of 23.71%. The firm had revenue of $404.50 million during the quarter, compared to analysts’ expectations of $416.40 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that Healthcare Services Group, Inc. will post $1.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, May 19th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.63%. Healthcare Services Group’s payout ratio is currently 69.16%.

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HCSG has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Finally, Credit Suisse Group AG initiated coverage on shares of Healthcare Services Group in a research note on Friday. They set an “outperform” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.25.

In related news, General Counsel Jason J. Bundick sold 4,800 shares of Healthcare Services Group stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $41.98, for a total transaction of $201,504.00. Following the completion of the transaction, the general counsel now directly owns 3,460 shares of the company’s stock, valued at approximately $145,250.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel P. Mccartney sold 113,901 shares of Healthcare Services Group stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $45.87, for a total transaction of $5,224,638.87. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

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.

12 Month Chart for NASDAQ:HCSG

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