Texas Permanent School Fund Has $933,000 Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Texas Permanent School Fund raised its position in Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,571 shares of the business services provider’s stock after buying an additional 726 shares during the quarter. Texas Permanent School Fund’s holdings in Healthcare Services Group were worth $933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new position in Healthcare Services Group in the 1st quarter valued at $80,000. New York State Common Retirement Fund grew its holdings in shares of Healthcare Services Group by 1.1% during the 1st quarter. New York State Common Retirement Fund now owns 355,498 shares of the business services provider’s stock worth $6,602,000 after purchasing an additional 3,801 shares in the last quarter. Green Square Capital Advisors LLC grew its holdings in shares of Healthcare Services Group by 297.5% during the 1st quarter. Green Square Capital Advisors LLC now owns 89,154 shares of the business services provider’s stock worth $1,656,000 after purchasing an additional 66,727 shares in the last quarter. Blackstone Inc. acquired a new stake in shares of Healthcare Services Group during the 1st quarter worth $779,000. Finally, American Century Companies Inc. grew its holdings in shares of Healthcare Services Group by 17.0% during the 1st quarter. American Century Companies Inc. now owns 2,079,771 shares of the business services provider’s stock worth $38,621,000 after purchasing an additional 302,487 shares in the last quarter.

Healthcare Services Group Stock Up 1.6 %

Shares of HCSG stock opened at $13.81 on Friday. Healthcare Services Group, Inc. has a twelve month low of $11.97 and a twelve month high of $20.54. The company has a market cap of $1.02 billion, a P/E ratio of 51.15 and a beta of 0.34. The business has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $15.05.

Healthcare Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Friday, November 18th will be given a $0.215 dividend. The ex-dividend date is Thursday, November 17th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 6.23%. Healthcare Services Group’s dividend payout ratio (DPR) is currently 318.52%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HCSG. Credit Suisse Group reduced their target price on Healthcare Services Group from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 20th. StockNews.com lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Benchmark raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, October 20th. Finally, Royal Bank of Canada dropped their price objective on Healthcare Services Group from $17.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of “Hold” and an average target price of $14.50.

About Healthcare Services Group

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Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of 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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