Oregon Public Employees Retirement Fund Sells 400 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Share on StockTwits

Oregon Public Employees Retirement Fund decreased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,394 shares of the business services provider’s stock after selling 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Healthcare Services Group were worth $670,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. William Blair Investment Management LLC raised its stake in Healthcare Services Group by 1.7% in the first quarter. William Blair Investment Management LLC now owns 5,776,034 shares of the business services provider’s stock valued at $138,105,000 after buying an additional 94,442 shares during the period. Riverbridge Partners LLC increased its stake in shares of Healthcare Services Group by 17.6% during the second quarter. Riverbridge Partners LLC now owns 4,231,582 shares of the business services provider’s stock worth $103,504,000 after purchasing an additional 632,557 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of Healthcare Services Group by 30.9% during the first quarter. Van Berkom & Associates Inc. now owns 3,216,576 shares of the business services provider’s stock worth $76,908,000 after purchasing an additional 758,978 shares during the period. Wells Fargo & Company MN increased its stake in shares of Healthcare Services Group by 33.5% during the first quarter. Wells Fargo & Company MN now owns 1,758,181 shares of the business services provider’s stock worth $42,038,000 after purchasing an additional 441,167 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in shares of Healthcare Services Group by 6.7% during the first quarter. Ensign Peak Advisors Inc now owns 1,266,561 shares of the business services provider’s stock worth $30,283,000 after purchasing an additional 79,535 shares during the period.

A number of brokerages have recently weighed in on HCSG. Credit Suisse Group lowered their target price on 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. Benchmark lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. ValuEngine lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.17.

Healthcare Services Group stock opened at $26.19 on Friday. The stock’s fifty day moving average price is $24.96 and its two-hundred day moving average price is $24.80. Healthcare Services Group, Inc. has a one year low of $15.80 and a one year high of $31.30. The firm has a market cap of $1.95 billion, a PE ratio of 24.25 and a beta of 0.61.

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

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

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 of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

Featured Story: What is a capital gain?

Want to see what other hedge funds are holding HCSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Services Group, Inc. (NASDAQ:HCSG).

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wynn Resorts, Limited  Shares Sold by Oregon Public Employees Retirement Fund
Wynn Resorts, Limited Shares Sold by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund Lowers Position in Cabot Oil & Gas Co.
Oregon Public Employees Retirement Fund Lowers Position in Cabot Oil & Gas Co.
Oregon Public Employees Retirement Fund Decreases Holdings in American Eagle Outfitters
Oregon Public Employees Retirement Fund Decreases Holdings in American Eagle Outfitters
Oregon Public Employees Retirement Fund Boosts Stock Holdings in 8×8, Inc.
Oregon Public Employees Retirement Fund Boosts Stock Holdings in 8×8, Inc.
Oregon Public Employees Retirement Fund Has $648,000 Stock Holdings in InterDigital Wireless Inc
Oregon Public Employees Retirement Fund Has $648,000 Stock Holdings in InterDigital Wireless Inc
Oregon Public Employees Retirement Fund Has $652,000 Position in Hub Group Inc
Oregon Public Employees Retirement Fund Has $652,000 Position in Hub Group Inc


© 2006-2020 Ticker Report