OxFORD Asset Management LLP Takes $1.77 Million Position in Healthcare Services Group, Inc. (HCSG)

OxFORD Asset Management LLP purchased a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 32,544 shares of the business services provider’s stock, valued at approximately $1,765,000.

A number of other large investors also recently bought and sold shares of HCSG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Healthcare Services Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 242 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 135 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of Healthcare Services Group in the 2nd quarter valued at $170,000. ETRADE Capital Management LLC purchased a new position in shares of Healthcare Services Group in the 3rd quarter valued at $202,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Healthcare Services Group by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,659 shares during the period. 93.16% of the stock is currently owned by institutional investors.

In related news, insider Michael E. Mcbryan sold 22,500 shares of Healthcare Services Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael E. Mcbryan sold 800 shares of Healthcare Services Group stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the sale, the executive vice president now directly owns 14,413 shares in the company, valued at approximately $763,889. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

HCSG has been the topic of a number of research reports. Robert W. Baird reissued a “buy” rating and issued a $52.00 target price on shares of Healthcare Services Group in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Jefferies Group reissued a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Healthcare Services Group currently has an average rating of “Hold” and a consensus target price of $54.80.

Healthcare Services Group, Inc. (HCSG) opened at $52.92 on Friday. Healthcare Services Group, Inc. has a one year low of $37.54 and a one year high of $55.68. The company has a market cap of $3,756.71, a price-to-earnings ratio of 43.08, a PEG ratio of 3.75 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm had revenue of $491.40 million for the quarter, compared to the consensus estimate of $485.53 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. analysts anticipate that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be paid a dividend of $0.19 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.76 annualized dividend and a yield of 1.44%. Healthcare Services Group’s payout ratio is 63.87%.

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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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