Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,506 shares of the business services provider’s stock after selling 1,175 shares during the period. Raymond James & Associates owned approximately 0.58% of Healthcare Services Group worth $5,193,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. increased its stake in shares of Healthcare Services Group by 7.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,992 shares of the business services provider’s stock worth $204,000 after purchasing an additional 782 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Healthcare Services Group by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,361,496 shares of the business services provider’s stock worth $25,282,000 after buying an additional 38,147 shares in the last quarter. Citigroup Inc. lifted its holdings in Healthcare Services Group by 2.8% in the 1st quarter. Citigroup Inc. now owns 93,732 shares of the business services provider’s stock worth $1,741,000 after buying an additional 2,547 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Healthcare Services Group by 4.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,774 shares of the business services provider’s stock worth $312,000 after purchasing an additional 725 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Healthcare Services Group by 55.2% in the 1st quarter. MetLife Investment Management LLC now owns 42,076 shares of the business services provider’s stock worth $781,000 after purchasing an additional 14,966 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Healthcare Services Group Trading Up 2.2 %

NASDAQ HCSG opened at $13.77 on Tuesday. The company has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $13.91. The company has a market cap of $1.02 billion, a P/E ratio of 51.00 and a beta of 0.38. Healthcare Services Group, Inc. has a 1 year low of $11.55 and a 1 year high of $20.54.

Healthcare Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Friday, November 18th were issued a dividend of $0.215 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend was Thursday, November 17th. Healthcare Services Group’s dividend payout ratio is currently 318.52%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Sunday, January 1st. Credit Suisse Group reduced their price target on shares of Healthcare Services Group from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Benchmark raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, October 20th. Finally, Royal Bank of Canada cut their target price on shares of Healthcare Services Group from $17.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Profile

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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.

Further Reading

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

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