Guggenheim Capital LLC Raises Position in Healthcare Services Group, Inc. (HCSG)

Guggenheim Capital LLC raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 167.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,550 shares of the business services provider’s stock after buying an additional 37,949 shares during the period. Guggenheim Capital LLC owned about 0.08% of Healthcare Services Group worth $3,193,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HCSG. Legal & General Group Plc boosted its stake in Healthcare Services Group by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 145,743 shares of the business services provider’s stock worth $7,870,000 after purchasing an additional 5,508 shares during the period. JPMorgan Chase & Co. boosted its stake in Healthcare Services Group by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,314 shares of the business services provider’s stock worth $5,895,000 after purchasing an additional 27,329 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Healthcare Services Group by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 416,553 shares of the business services provider’s stock worth $22,482,000 after purchasing an additional 21,224 shares during the period. Dimensional Fund Advisors LP boosted its stake in Healthcare Services Group by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,174,277 shares of the business services provider’s stock worth $63,377,000 after purchasing an additional 8,472 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in Healthcare Services Group in the 3rd quarter worth approximately $1,765,000. Hedge funds and other institutional investors own 97.39% of the company’s stock.

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In other Healthcare Services Group news, Director Robert J. Moss sold 2,000 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $44.50, for a total value of $89,000.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $89,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dino D. Ottaviano sold 1,500 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $45.15, for a total transaction of $67,725.00. Following the completion of the sale, the director now owns 2,044 shares of the company’s stock, valued at approximately $92,286.60. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Healthcare Services Group stock opened at $42.53 on Monday. Healthcare Services Group, Inc. has a 52 week low of $41.05 and a 52 week high of $56.20. The company has a market capitalization of $3,133.57, a P/E ratio of 35.74, a PEG ratio of 2.31 and a beta of 0.79.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The firm had revenue of $499.41 million during the quarter, compared to analyst estimates of $499.37 million. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. analysts forecast that Healthcare Services Group, Inc. will post 1.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, February 16th were given a $0.1913 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, February 15th. This represents a $0.77 dividend on an annualized basis and a yield of 1.80%. Healthcare Services Group’s dividend payout ratio is presently 63.87%.

A number of equities analysts recently commented on HCSG shares. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday, February 6th. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.20.

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About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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

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