Healthcare Services Group, Inc. (HCSG) Holdings Lifted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lifted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 192,535 shares of the business services provider’s stock after acquiring an additional 2,601 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.26% of Healthcare Services Group worth $9,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC grew its stake in shares of Healthcare Services Group by 6.0% during the 2nd quarter. Teachers Advisors LLC now owns 128,920 shares of the business services provider’s stock worth $6,037,000 after acquiring an additional 7,347 shares during the period. Summit Global Investments grew its stake in shares of Healthcare Services Group by 6.1% during the 2nd quarter. Summit Global Investments now owns 10,500 shares of the business services provider’s stock worth $492,000 after acquiring an additional 600 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Healthcare Services Group by 69.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,659 shares during the period. Capital Fund Management S.A. bought a new position in shares of Healthcare Services Group during the 2nd quarter worth $215,000. Finally, Eaton Vance Management bought a new position in shares of Healthcare Services Group during the 2nd quarter worth $243,000. Institutional investors own 91.71% of the company’s stock.

Healthcare Services Group, Inc. (NASDAQ HCSG) opened at 54.65 on Monday. The stock’s 50 day moving average price is $52.10 and its 200 day moving average price is $48.61. The company has a market cap of $4.00 billion, a P/E ratio of 47.94 and a beta of 0.62. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Healthcare Services Group’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, August 18th were issued a $0.1888 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is presently 65.22%.

Several research analysts have recently weighed in on HCSG shares. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a research note on Friday, July 7th. Robert W. Baird increased their price target on Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Credit Suisse Group reiterated an “outperform” rating and set a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of “Buy” and an average target price of $53.00.

In other Healthcare Services Group news, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $52.76, for a total transaction of $105,520.00. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at $105,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Frome sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The disclosure for this sale can be found here. Insiders sold 36,750 shares of company stock valued at $1,910,345 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Healthcare Services Group, Inc. (HCSG) Holdings Lifted by TIAA CREF Investment Management LLC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/healthcare-services-group-inc-hcsg-holdings-lifted-by-tiaa-cref-investmen

Several other hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC grew its stake in shares of Healthcare Services Group by 6.0% during the 2nd quarter. Teachers Advisors LLC now owns 128,920 shares of the business services provider’s stock worth $6,037,000 after acquiring an additional 7,347 shares during the period. Summit Global Investments grew its stake in shares of Healthcare Services Group by 6.1% during the 2nd quarter. Summit Global Investments now owns 10,500 shares of the business services provider’s stock worth $492,000 after acquiring an additional 600 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Healthcare Services Group by 69.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,659 shares during the period. Capital Fund Management S.A. bought a new position in shares of Healthcare Services Group during the 2nd quarter worth $215,000. Finally, Eaton Vance Management bought a new position in shares of Healthcare Services Group during the 2nd quarter worth $243,000. Institutional investors own 91.71% of the company’s stock.

Healthcare Services Group, Inc. (NASDAQ HCSG) opened at 54.65 on Monday. The stock’s 50 day moving average price is $52.10 and its 200 day moving average price is $48.61. The company has a market cap of $4.00 billion, a P/E ratio of 47.94 and a beta of 0.62. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $55.68.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Healthcare Services Group’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, August 18th were issued a $0.1888 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is presently 65.22%.

Several research analysts have recently weighed in on HCSG shares. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a research note on Friday, July 7th. Robert W. Baird increased their price target on Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Credit Suisse Group reiterated an “outperform” rating and set a $56.00 price target (up previously from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Healthcare Services Group currently has a consensus rating of “Buy” and an average target price of $53.00.

In other Healthcare Services Group news, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $52.76, for a total transaction of $105,520.00. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at $105,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Frome sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $1,086,553. The disclosure for this sale can be found here. Insiders sold 36,750 shares of company stock valued at $1,910,345 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Healthcare Services Group, Inc. (HCSG) Holdings Lifted by TIAA CREF Investment Management LLC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/healthcare-services-group-inc-hcsg-holdings-lifted-by-tiaa-cref-investment-management-llc.html.

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.

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

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