Healthcare Services Group, Inc. (HCSG) Stake Maintained by Royce & Associates LP

Paterniano Del Favero
Luglio 14, 2017

(NASDAQ:HCSG) was up +1.11% during the last trading session, with a day high of 46.80.

Among 6 analysts covering South State Corp (NASDAQ:SSB), 2 have Buy rating, 0 Sell and 4 Hold. BlackRock Inc. raised its position in shares of Healthcare Services Group by 145,799.8% in the first quarter. Dimensional Fund Lp invested 0.02% in Healthcare Services Group, Inc. MA now owns 979,394 shares of the business services provider's stock worth $42,202,000 after buying an additional 199,082 shares in the last quarter.

05/19/2017 - Credit Suisse began new coverage on Healthcare Services Group, Inc. giving the company a "outperform" rating. Short shares fell 227,229 over that period. Insiders sold 128,886 shares of company stock valued at $5,935,234 over the last three months. Finally, Municipal Employees Retirement System of MI increased its position in shares of Healthcare Services Group by 1.5% in the first quarter. Atria Investments LLC now owns 5,632 shares of the business services provider's stock valued at $264,000 after buying an additional 455 shares during the period. Company insiders own 4.80% of the company's stock. Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has 0.02% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) is a huge mover today! Healthcare Services has $4900 highest and $37 lowest target. The company has market cap of $68.53 billion. HCSG's distance from 20 day simple moving average is -1.34% and distance from 50-Day simple moving average is -0.68%.

Healthcare Services Group (NASDAQ:HCSG) previously issued its fiscal periodic earnings information on early Tue, Jul 11th. the company services provider posted $0.30 EPS for the period, exceeding wall street forecast of $0.29 by $0.01. For the outlook of the current financial quarter, Analysts think the firm will post 0.30 earnings per share. Healthcare Services Group had a return on equity of 23.95% and a net margin of 5.11%. The firm had revenue of $404.50 million during the quarter, compared to analyst estimates of $416.40 million. Analysts expect next quarter's EPS to be $0.33 with next year's EPS anticipated to be $1.39. The firm's revenue was up 21.8% compared to the same quarter previous year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd.

The Press Release also announced the Company's second quarter 2017 quarterly cash dividend of $0.18875 per common share, payable on September22, 2017 to shareholders of record at the close of business on August18, 2017.

Healthcare Services Group, Inc., launched on November 22, 1976, 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. This represents a $0.76 annualized dividend and a yield of 1.46%. Healthcare Services Group's payout ratio is now 65.22%. Bell Bank increased its position in shares of Healthcare Services Group by 2.4% in the first quarter. If you are reading this piece on another website, it was illegally copied and republished in violation of U.S. & worldwide copyright laws. The correct version of this report can be read at https://sportsperspectives.com/2017/07/13/healthcare-services-group-inc-nasdaqhcsg-position-increased-by-schwab-charles-investment-management-inc.html.

HCSG has been the subject of a number of analyst reports. Lastly, Robert W. Baird boosted their price objective on Healthcare Services Group from $47.00 to $52.00 and issued the shares an "outperform" recommendation in a analysis note on Wednesday. Stifel Nicolaus raised their price target on Healthcare Services Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, May 1st. They issued an "outperform" rating and a $50.00 price objective for the company. They noted that the move was a valuation call. Healthcare Services Group has a consensus rating of "Hold" and a consensus target price of $51.75.

Director Daniel P. Mccartney sold 113,901 shares at an average price of $45.87 on May 11th. The stock was sold at an average price of $45.87, for a total transaction of $5,224,638.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

In related news, Director Robert L. Frome sold 7,485 shares of the stock in a transaction dated Friday, June 9th. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $52.80 on company stock. John Briggs, Director disclosed the sale of 2,500 shares of (HCSG). Following the completion of the transaction, the director now owns 25,501 shares in the company, valued at $1,224,048.

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