Nomura Holdings Inc. Takes Position in Healthcare Services Group, Inc. (HCSG)

Nomura Holdings Inc. bought a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,853 shares of the business services provider’s stock, valued at approximately $423,000.

Other large investors have also recently made changes to their positions in the company. Park National Corp OH purchased a new stake in shares of Healthcare Services Group during the first quarter worth about $212,000. Teachers Advisors LLC raised its stake in shares of Healthcare Services Group by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 112,155 shares of the business services provider’s stock worth $4,393,000 after buying an additional 2,514 shares in the last quarter. Norges Bank purchased a new stake in shares of Healthcare Services Group during the fourth quarter worth about $22,959,000. Miles Capital Inc. raised its stake in shares of Healthcare Services Group by 2.8% in the fourth quarter. Miles Capital Inc. now owns 6,861 shares of the business services provider’s stock worth $269,000 after buying an additional 187 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Healthcare Services Group by 0.6% in the fourth quarter. Janus Capital Management LLC now owns 1,706,412 shares of the business services provider’s stock worth $66,840,000 after buying an additional 10,073 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.

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

Healthcare Services Group, Inc. (NASDAQ HCSG) traded up 1.02% on Friday, hitting $47.52. The company’s stock had a trading volume of 102,480 shares. Healthcare Services Group, Inc. has a 12 month low of $34.83 and a 12 month high of $50.00. The stock has a market cap of $3.47 billion, a PE ratio of 43.60 and a beta of 0.57. The firm has a 50 day moving average of $47.00 and a 200-day moving average of $42.92.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, April 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $404.50 million for the quarter, compared to analyst estimates of $416.40 million. Healthcare Services Group had a return on equity of 23.95% and a net margin of 5.11%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts expect that Healthcare Services Group, Inc. will post $1.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 19th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.75 annualized dividend and a yield of 1.59%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is presently 67.57%.

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A number of brokerages recently issued reports on HCSG. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price (up previously from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Stifel Nicolaus lifted their target price on Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Finally, Credit Suisse Group began coverage on Healthcare Services Group in a research report on Friday, May 19th. They issued an “outperform” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.25.

In other Healthcare Services Group news, Director John Briggs sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $47.52, for a total value of $118,800.00. Following the transaction, the director now owns 22,017 shares in the company, valued at $1,046,247.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Mccartney sold 113,901 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.87, for a total value of $5,224,638.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,886 shares of company stock worth $5,935,234. Corporate insiders own 4.80% of the company’s stock.

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 of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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