Citadel Advisors LLC Has $5.51 Million Position in Healthcare Services Group, Inc. (HCSG)

Citadel Advisors LLC reduced its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 52.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,573 shares of the business services provider’s stock after selling 147,681 shares during the period. Citadel Advisors LLC owned 0.18% of Healthcare Services Group worth $5,507,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Redmond Asset Management LLC grew its stake in shares of Healthcare Services Group by 2.2% in the 3rd quarter. Redmond Asset Management LLC now owns 87,090 shares of the business services provider’s stock valued at $3,538,000 after buying an additional 1,835 shares during the period. JPMorgan Chase & Co. lifted its position in Healthcare Services Group by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,230 shares of the business services provider’s stock valued at $2,732,000 after acquiring an additional 3,918 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Healthcare Services Group by 283.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 4,890 shares in the last quarter. Raymond James Trust N.A. lifted its position in Healthcare Services Group by 174.5% in the 3rd quarter. Raymond James Trust N.A. now owns 12,884 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 8,190 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Healthcare Services Group by 8.5% in the 3rd quarter. William Blair Investment Management LLC now owns 4,208,946 shares of the business services provider’s stock valued at $170,967,000 after acquiring an additional 330,009 shares in the last quarter.

In other Healthcare Services Group news, Director Robert J. Moss sold 5,001 shares of Healthcare Services Group stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total transaction of $219,793.95. Following the transaction, the director now owns 5,001 shares of the company’s stock, valued at approximately $219,793.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $47.55, for a total transaction of $95,100.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,100. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,701 shares of company stock worth $347,780. Insiders own 1.00% of the company’s stock.

Shares of NASDAQ HCSG opened at $41.68 on Friday. Healthcare Services Group, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $56.20. The stock has a market capitalization of $3.07 billion, a P/E ratio of 42.91 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The firm had revenue of $506.90 million for the quarter, compared to the consensus estimate of $510.27 million. During the same period in the prior year, the business earned $0.31 EPS. Healthcare Services Group’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.78 annualized dividend and a dividend yield of 1.87%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio (DPR) is currently 65.55%.

Several brokerages recently weighed in on HCSG. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price target on shares of Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stephens began coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.00.

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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 to 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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