Here is the rundown on market activity for Healthcare Services Group, Inc. (NASDAQ:HCSG). Robert L. Frome, Director reported the sale of 7,485 shares. The shares were purchased at an average price of $47.00. Frome now owns $1,433,547 of the stock per the Form 4 SEC filing. Director John Briggs sold 2,500 shares at an average price of $47.52 on June 7th. That brings Briggs’s holdings to $1,046,248 per an SEC filing yesterday.
Daniel P. Mccartney, Director let go of $5,224,639 worth of shares at an average price of $45.87 on Thu the 11th. Mccartney now owns $90,282,389 of stock as recorded in a recent 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). Goldman Sachs Group Inc bolstered its stake by buying 1,110,319 shares an increase of 12,091.0% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc owns 1,119,502 shares with a value of $48,239,000. The value of the position overall is up by 13,299.7%. As of quarter end Janus Capital Management LLC had sold 13,964 shares trimming its holdings by 0.8%. The value of the total investment in Healthcare Services Group, Inc. went from $66,840,000 to $72,928,000 a change of $6,088,000 quarter to quarter.
As of the end of the quarter Ranger Investment Management, L.p. had disposed of a total of 30,490 shares trimming its stake by 68.6%. The value of the investment in (HCSG) decreased from $1,742,000 to $602,000 decreasing 65.4% quarter over quarter. Hightower Advisors, LLC divested its investment by selling 41,547 shares a decrease of 89.8% as of 03/31/2017. Hightower Advisors, LLC controls 4,706 shares worth $202,000. The total value of its holdings decreased 87.5%.
On September 16 analysts at Baird starting coverage on the stock setting a rating of “Outperform”. On October 14 Stifel Nicolaus made no change to the company rating of “Buy” and moved up the price target to $39.00 from $38.00.
July 28 investment analysts at Stifel Nicolaus left the company rating at “Buy” but lowered the price expectation from $38.00 to $37.00. On March 25 Jefferies kept the stock rating at “Hold” but raised the price target to $33.00 from $31.50.
February 25 investment analysts at Stifel Nicolaus held the company rating at “Buy” and raised the price target from $34.00 to $37.00. February 4 investment analysts at Stifel Nicolaus held the stock rating at “Buy” and raised the price expectation to $34.00 from $31.00.
The company is now up by 0.55% since yesterday’s close of $47.46. Additionally Healthcare Services Group, Inc. recently declared a dividend for shareholders payable on Friday the 23rd of June 2017. The dividend will be $0.188 per share for the quarter or $0.75 annualized. The dividend yield will be $1.58. The ex-dividend date will be Wednesday the 17th of May 2017.
The stock is trading at $47.72 which is just over the 50 day moving average of $46.63 and a bit higher than the 200 day moving average of $42.36. The 50 day moving average went up $1.09 or +2.34% whereas the 200 day average was up by +12.65%.
Healthcare Services Group, Inc.’s P/E ratio is 43.78 and the market value is 3.48B. 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 $0.31 and the next full year EPS is anticipated to be $1.36.
Short traders are feeling a little more bullish on shares of Healthcare Services Group, Inc. as implied by the change in short interest. The company experienced a fall in short interest of -7.02% between April 28, 2017 and May 15, 2017. Short shares fell 350,421 over that timeframe. Days to cover increased from 16.4 to 16.9 and the percentage of shorted shares was 0.06% on May 15.