Ami Asset Management Corp Lowers stake in Healthcare Services Group (HCSG)

Healthcare Services Group (HCSG) : Ami Asset Management Corp reduced its stake in Healthcare Services Group by 2.77% during the most recent quarter end. The investment management company now holds a total of 1,352,510 shares of Healthcare Services Group which is valued at $52,463,863 after selling 38,603 shares in Healthcare Services Group , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Healthcare Services Group makes up approximately 3.50% of Ami Asset Management Corp’s portfolio.

Other Hedge Funds, Including , 1st Global Advisors boosted its stake in HCSG in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 15,812 shares of Healthcare Services Group which is valued at $613,347. Healthcare Services Group makes up approx 0.08% of 1st Global Advisors’s portfolio. Arcadia Investment Management Corpmi added HCSG to its portfolio by purchasing 557 company shares during the most recent quarter which is valued at $21,155. Healthcare Services Group makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.

Healthcare Services Group closed down -0.08 points or -0.20% at $39.08 with 3,81,755 shares getting traded on Thursday. Post opening the session at $39.15, the shares hit an intraday low of $38.93 and an intraday high of $39.41 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Healthcare Services Group reported $0.26 EPS for the quarter, based on the information available during the earnings call on Jul 12, 2016. Analyst had a consensus estimate of $0.26. The company had revenue of $386.56 million for the quarter, compared to analysts expectations of $392.26 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Investors should note that on Jul 12, 2016, Healthcare Services Group announced a cash dividend of $0.1837. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 23, 2016.

Healthcare Services Group Inc. provides management administrative and operating services to the housekeeping laundry linen facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes retirement complexes rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping laundry and linen. Housekeeping segment also includes laundering and processing the bed linens uniforms and other assorted linen items utilized by a client facility. The Dietary segment includes dietary department services. Dietary consists of managing the client’s dietary department which is principally responsible for food purchasing meal preparation and providing professional dietitian consulting services which includes the development of a menu that meets a patient’s dietary needs.

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