LPL Financial LLC Raises Holdings in Healthcare Services Group, Inc. (HCSG)

LPL Financial LLC grew its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,996 shares of the business services provider’s stock after buying an additional 502 shares during the quarter. LPL Financial LLC’s holdings in Healthcare Services Group were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HCSG. Vanguard Group Inc grew its position in shares of Healthcare Services Group by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 6,969,490 shares of the business services provider’s stock valued at $283,101,000 after acquiring an additional 151,999 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Healthcare Services Group by 35.4% during the third quarter. Bank of New York Mellon Corp now owns 1,554,944 shares of the business services provider’s stock worth $63,162,000 after purchasing an additional 406,443 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Healthcare Services Group by 2.2% during the third quarter. Vanguard Group Inc. now owns 6,969,490 shares of the business services provider’s stock worth $283,101,000 after purchasing an additional 151,999 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Healthcare Services Group during the third quarter worth $37,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Healthcare Services Group by 1.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,527 shares of the business services provider’s stock worth $1,186,000 after purchasing an additional 421 shares during the last quarter.

Shares of HCSG traded up $0.75 during trading hours on Friday, hitting $34.56. The stock had a trading volume of 1,182,256 shares, compared to its average volume of 1,054,276. The firm has a market capitalization of $2.56 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.09 and a beta of 0.84. Healthcare Services Group, Inc. has a 12-month low of $29.75 and a 12-month high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Tuesday, February 5th. The business services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Healthcare Services Group had a return on equity of 20.09% and a net margin of 4.16%. The business had revenue of $496.41 million for the quarter, compared to analyst estimates of $507.45 million. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that Healthcare Services Group, Inc. will post 1.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 15th were given a $0.1963 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.79 annualized dividend and a yield of 2.27%. Healthcare Services Group’s dividend payout ratio (DPR) is 70.54%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. BidaskClub lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Stifel Nicolaus reaffirmed a “sell” rating on shares of Healthcare Services Group in a research report on Saturday, February 2nd. Finally, ValuEngine lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Healthcare Services Group currently has an average rating of “Hold” and a consensus price target of $41.20.

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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.

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

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