The company is up since yesterday’s close of $46.62. Shares last traded at $50.27 slightly over $47.31, the stock’s 50 day moving average and barely above the 200 day moving average of $43.25. The 50 day moving average went up by +6.14% whereas the 200 day average was up by +16.10%.
Traders are a little more bullish on Healthcare Services Group, Inc. of late considering the decrease in short interest. The stock experienced a fall in short interest of -4.90% as of May 15, 2017 from the last reporting period. Short interest fell from 4,641,419 to 4,414,190 over that timeframe. With short interest at 4,414,190 and short average daily volume at 228,323, days to cover is 19.3 and the percentage of shorted shares was 0.06% on May 15.
There has been some selling insider activity on Healthcare Services Group, Inc. (NASDAQ:HCSG) recently. Director Robert L. Frome disclosed the sale of 7,485 shares of (HCSG). The shares were purchased at an average price of $47.00. The Director now owns $1,433,547 of the stock according to the SEC filing. John Briggs, Director reported the sale of 2,500 shares of HCSG stock. The shares were sold on June 7th for an average price of $47.52. Briggs now owns $1,046,248 of the stock per the Form 4 SEC filing.
Daniel P. Mccartney, Director disclosed the sale of 113,901 shares. The shares were sold on May 11th for an average price of $45.87. Mccartney now owns $90,282,389 of the stock per the Form 4 SEC filing.
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. The Company operates through two segments: housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). The Company provides its Housekeeping services to all of its client facilities and provides Dietary services to over 1,000 facilities. The Business’s programs include IntelliClean, Personal Select, Classics Cafe and Homestyle settings..
Here are a few additional firms who have increased or decreased their stake in (HCSG). As of the end of the quarter Gw&k Investment Management, LLC had disposed of a total of 25,516 shares trimming its holdings by 3.1%. The value of the investment in (HCSG) increased from $36,048,000 to $37,982,000 a change of $1,934,000 for the reporting period. Atria Investments LLC augmented its position by buying 455 shares an increase of 8.8% from 03/31/2017 to 06/30/2017. Atria Investments LLC now holds 5,632 shares with a value of $264,000. The value of the position overall is up by 18.4%.
Bank Of Montreal /can/ bolstered its stake by buying 62 shares an increase of 1.1% in the quarter. Bank Of Montreal /can/ now controls 5,472 shares worth $256,000. The total value of its holdings increased 9.9%. Central Bank & Trust Co trimmed its ownership by shedding 225 shares a decrease of 50.0% as of 06/30/2017. Central Bank & Trust Co controls 225 shares valued at $11,000. The value of the position overall is down by 42.1%.
On September 16 analysts at Baird added HCSG to its research portfolio with an initial rating of “Outperform”. October 14 investment analysts at Stifel Nicolaus left the stock rating at “Buy” but moved up the price target from $38.00 to $39.00.
On July 28 Stifel Nicolaus maintained a stock rating of “Buy” and lowered the price expectation to $37.00 from $38.00. March 25 investment analysts at Jefferies kept the company rating at “Hold” and raised the price target from $31.50 to $33.00.
February 25 investment analysts at Stifel Nicolaus left the company rating at “Buy” but raised the price target to $37.00 from $34.00. February 4 investment analysts at Stifel Nicolaus kept the stock rating at “Buy” but raised the price expectation from $31.00 to $34.00.
Healthcare Services Group, Inc. also announced a dividend which was paid on Friday June 23rd, 2017. The dividend was $0.188 per share for the quarter or $0.75 on an annualized basis. This dividend amount represented a yeild of $1.61. The ex-dividend date was Wednesday the 17th of May 2017.
The P/E ratio is 46.07 and the market value is 3.67B. As of the last earnings report the EPS was $1.09 and is estimated to be $1.21 for the current year with 72,988,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.33 with next year’s EPS anticipated to be $1.39.