AQR Capital Management LLC cut its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 57.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,002 shares of the business services provider’s stock after selling 16,145 shares during the period. AQR Capital Management LLC’s holdings in Healthcare Services Group were worth $470,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Profund Advisors LLC raised its stake in Healthcare Services Group by 14.1% in the third quarter. Profund Advisors LLC now owns 13,443 shares of the business services provider’s stock worth $532,000 after buying an additional 1,662 shares during the last quarter. Osborne Partners Capital Management LLC raised its stake in Healthcare Services Group by 58.3% in the third quarter. Osborne Partners Capital Management LLC now owns 20,900 shares of the business services provider’s stock worth $827,000 after buying an additional 7,700 shares during the last quarter. Nationwide Fund Advisors raised its stake in Healthcare Services Group by 10.0% in the third quarter. Nationwide Fund Advisors now owns 353,203 shares of the business services provider’s stock worth $13,980,000 after buying an additional 32,052 shares during the last quarter. Taylor Wealth Management Partners acquired a new stake in Healthcare Services Group during the third quarter worth approximately $4,672,000. Finally, ProShare Advisors LLC raised its stake in Healthcare Services Group by 32.7% in the third quarter. ProShare Advisors LLC now owns 78,516 shares of the business services provider’s stock worth $3,108,000 after buying an additional 19,336 shares during the last quarter. 93.71% of the stock is owned by institutional investors and hedge funds.
Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 45.81 on Friday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 42.03 and a beta of 0.68. Healthcare Services Group, Inc. has a one year low of $34.83 and a one year high of $46.87. The company has a 50 day moving average price of $42.93 and a 200 day moving average price of $40.00.
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 for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $404.50 million for the quarter, compared to the consensus estimate of $416.40 million. Healthcare Services Group had a return on equity of 23.71% and a net margin of 4.95%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Equities analysts predict that Healthcare Services Group, Inc. will post $1.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 19th will be given a dividend of $0.1875 per share. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 1.64%. The ex-dividend date is Wednesday, May 17th. Healthcare Services Group’s dividend payout ratio (DPR) is currently 69.16%.
Separately, Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, February 9th.
In other Healthcare Services Group news, General Counsel Jason J. Bundick sold 4,800 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $41.98, for a total transaction of $201,504.00. Following the sale, the general counsel now directly owns 3,460 shares of the company’s stock, valued at approximately $145,250.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by company insiders.
About Healthcare Services Group
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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