Segall Bryant & Hamill LLC Has $26.58 Million Holdings in Healthcare Services Group, Inc. (HCSG)

Segall Bryant & Hamill LLC trimmed its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,566 shares of the business services provider’s stock after selling 1,167 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.67% of Healthcare Services Group worth $26,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. bought a new position in shares of Healthcare Services Group during the 3rd quarter worth approximately $725,000. Bluestein R H & Co. boosted its stake in Healthcare Services Group by 90.9% in the 3rd quarter. Bluestein R H & Co. now owns 8,400 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 4,000 shares during the period. OxFORD Asset Management LLP bought a new stake in Healthcare Services Group in the 3rd quarter valued at $1,765,000. 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 valued at $63,377,000 after purchasing an additional 8,472 shares during the period. Finally, Brown Advisory Inc. boosted its stake in Healthcare Services Group by 3.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,957,120 shares of the business services provider’s stock valued at $105,625,000 after purchasing an additional 63,232 shares during the period. Institutional investors own 93.16% of the company’s stock.

Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at $50.55 on Thursday. The company has a market capitalization of $3,752.31, a PE ratio of 43.03, a PEG ratio of 3.75 and a beta of 0.62. Healthcare Services Group, Inc. has a twelve month low of $37.54 and a twelve month high of $55.68.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.19 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Healthcare Services Group’s payout ratio is presently 63.87%.

In other Healthcare Services Group news, EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total transaction of $42,400.00. Following the completion of the transaction, the executive vice president now owns 14,413 shares of the company’s stock, valued at approximately $763,889. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now owns 14,413 shares in the company, valued at $764,321.39. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several equities analysts have weighed in on HCSG shares. Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Healthcare Services Group in a report on Wednesday, October 4th. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, October 19th. Credit Suisse Group reissued an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Finally, Jefferies Group reissued a “hold” rating and set a $49.00 price target on shares of Healthcare Services Group in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Healthcare Services Group has a consensus rating of “Buy” and an average target price of $54.80.

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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 the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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

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