ARP Americas LP Purchases Shares of 15,300 Healthcare Services Group, Inc. (NASDAQ:HCSG)

ARP Americas LP purchased a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,300 shares of the business services provider’s stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HCSG. Renaissance Technologies LLC bought a new stake in shares of Healthcare Services Group in the 4th quarter valued at $2,601,000. Bank of New York Mellon Corp boosted its stake in shares of Healthcare Services Group by 24.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,173,487 shares of the business services provider’s stock valued at $28,539,000 after purchasing an additional 231,472 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Healthcare Services Group by 1,862.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 41,201 shares of the business services provider’s stock valued at $1,002,000 after purchasing an additional 39,101 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Healthcare Services Group by 6.3% in the 4th quarter. Alliancebernstein L.P. now owns 205,808 shares of the business services provider’s stock valued at $5,005,000 after purchasing an additional 12,157 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of Healthcare Services Group by 1.4% in the 4th quarter. Mason Street Advisors LLC now owns 39,423 shares of the business services provider’s stock valued at $959,000 after purchasing an additional 556 shares during the last quarter.

A number of equities research analysts have recently commented on HCSG shares. ValuEngine lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Thursday, July 23rd. Royal Bank of Canada cut their target price on shares of Healthcare Services Group from $26.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Credit Suisse Group cut their target price on shares of Healthcare Services Group from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Healthcare Services Group has an average rating of “Hold” and a consensus price target of $28.17.

Shares of Healthcare Services Group stock traded up $0.08 during trading hours on Friday, reaching $26.19. The company’s stock had a trading volume of 475,270 shares, compared to its average volume of 722,787. Healthcare Services Group, Inc. has a one year low of $15.80 and a one year high of $31.30. The company has a market capitalization of $1.95 billion, a P/E ratio of 24.25 and a beta of 0.61. The stock’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $24.80.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Tuesday, July 21st. The business services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Healthcare Services Group had a net margin of 4.46% and a return on equity of 17.86%. The firm had revenue of $452.03 million for the quarter, compared to analyst estimates of $450.41 million. As a group, equities analysts forecast that Healthcare Services Group, Inc. will post 1.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 21st will be paid a $0.204 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.12%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, August 20th. Healthcare Services Group’s dividend payout ratio (DPR) is 93.10%.

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 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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