Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Bought by Citadel Advisors LLC

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Citadel Advisors LLC raised its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,347 shares of the business services provider’s stock after purchasing an additional 31,553 shares during the period. Citadel Advisors LLC owned about 0.84% of Healthcare Services Group worth $18,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System raised its position in Healthcare Services Group by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 53,762 shares of the business services provider’s stock valued at $1,630,000 after purchasing an additional 771 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Healthcare Services Group by 6.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,621 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 752 shares in the last quarter. SG Americas Securities LLC raised its position in Healthcare Services Group by 3.9% in the 1st quarter. SG Americas Securities LLC now owns 12,683 shares of the business services provider’s stock valued at $418,000 after purchasing an additional 479 shares in the last quarter. William Blair Investment Management LLC raised its position in Healthcare Services Group by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 4,203,079 shares of the business services provider’s stock valued at $138,660,000 after purchasing an additional 34,862 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Healthcare Services Group by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 164,046 shares of the business services provider’s stock valued at $4,974,000 after purchasing an additional 3,874 shares in the last quarter.

Shares of HCSG stock traded up $0.24 during midday trading on Friday, hitting $24.86. The company had a trading volume of 805,192 shares, compared to its average volume of 689,988. The company’s 50 day simple moving average is $23.15 and its 200 day simple moving average is $29.87. Healthcare Services Group, Inc. has a 52-week low of $21.16 and a 52-week high of $48.73. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 21.84 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, July 23rd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.11). Healthcare Services Group had a net margin of 4.38% and a return on equity of 19.40%. The company had revenue of $462.10 million during the quarter, compared to analysts’ expectations of $477.68 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts forecast that Healthcare Services Group, Inc. will post 0.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be issued a $0.199 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 22nd. Healthcare Services Group’s dividend payout ratio (DPR) is currently 71.43%.

HCSG has been the topic of a number of recent analyst reports. ValuEngine downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Saturday, June 22nd. Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective (down previously from $40.00) on shares of Healthcare Services Group in a report on Friday, July 12th. Credit Suisse Group dropped their price objective on Healthcare Services Group from $41.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Sidoti dropped their price objective on Healthcare Services Group from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.29.

In other news, Director Robert L. Frome sold 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $24.06, for a total value of $204,510.00. Following the completion of the sale, the director now directly owns 9,907 shares of the company’s stock, valued at approximately $238,362.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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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