Central Bank Trust Co adds Healthcare Services Group (HCSG) to its portfolio

Healthcare Services Group (HCSG) : Central Bank Trust Co added new position in Healthcare Services Group during the most recent quarter end. The investment management firm now holds 950 shares of Healthcare Services Group which is valued at $37,573 , the company said in a statement filed on Oct 7, 2016 with the SEC.Healthcare Services Group makes up approximately 0.01% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in HCSG by selling 2,628 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 21,878 shares of HCSG which is valued at $865,275. Healthcare Services Group makes up approx 0.12% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HCSG by selling 11,587 shares or 51.33% in the most recent quarter. The Hedge Fund company now holds 10,985 shares of HCSG which is valued at $434,457. Washington Trust Bank added HCSG to its portfolio by purchasing 76 company shares during the most recent quarter which is valued at $3,006.Eqis Capital Management reduced its stake in HCSG by selling 23 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 8,960 shares of HCSG which is valued at $354,368. Healthcare Services Group makes up approx 0.02% of Eqis Capital Management’s portfolio.Bath Savings Trust Co boosted its stake in HCSG in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 39,401 shares of Healthcare Services Group which is valued at $1,558,310. Healthcare Services Group makes up approx 0.49% of Bath Savings Trust Co’s portfolio.

Healthcare Services Group (HCSG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.56 and reached the intraday high at $39.685. The bulls started the profit booking and pushed the shares to intraday low of $39.18. The trading session was marked by a volume range of 6,88,281 shares exchanging hands. The 52-week high of the shares is $42.18 and the 52-week low is $31.5. The market cap of the company stands at $2,866 M and there are 7,24,61,000 shares in public circulation.

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.

Many Wall Street Analysts have commented on Healthcare Services Group. Robert W. Baird Initiated Healthcare Services Group on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $46.

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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