Davis R M Inc. Reduces Holdings in Healthcare Services Group, Inc. (HCSG)

Davis R M Inc. trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 397,502 shares of the business services provider’s stock after selling 8,253 shares during the period. Davis R M Inc. owned about 0.54% of Healthcare Services Group worth $20,956,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Healthcare Services Group by 173.5% in the second quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after buying an additional 1,322,948 shares during the period. Atlantic Trust Group LLC bought a new position in shares of Healthcare Services Group in the third quarter worth about $39,425,000. Wasatch Advisors Inc. raised its stake in shares of Healthcare Services Group by 24.1% in the third quarter. Wasatch Advisors Inc. now owns 1,248,276 shares of the business services provider’s stock worth $67,369,000 after buying an additional 242,741 shares during the period. Vanguard Group Inc. raised its stake in shares of Healthcare Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,956,281 shares of the business services provider’s stock worth $325,763,000 after buying an additional 123,503 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Healthcare Services Group by 23.9% in the third quarter. Russell Investments Group Ltd. now owns 474,299 shares of the business services provider’s stock worth $25,598,000 after buying an additional 91,418 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

HCSG has been the topic of several recent research reports. Jefferies Group reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, September 29th. Robert W. Baird reissued a “buy” rating and set a $52.00 target price on shares of Healthcare Services Group in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Zacks Investment Research raised 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. Finally, Credit Suisse Group reissued an “outperform” rating and set 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 analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.80.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded down $0.79 on Tuesday, reaching $51.92. The company had a trading volume of 330,600 shares, compared to its average volume of 426,200. The company has a market cap of $3,804.33, a P/E ratio of 43.63, a PEG ratio of 3.26 and a beta of 0.62. Healthcare Services Group, Inc. has a 52 week low of $37.54 and a 52 week high of $55.68.

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

In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the firm’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 completion of the transaction, the insider now owns 14,413 shares in the company, valued at approximately $764,321.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael E. Mcbryan sold 800 shares of the firm’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 value of $42,400.00. Following the transaction, the executive vice president now owns 14,413 shares of the company’s stock, valued at approximately $763,889. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

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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.

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

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