Integrated Investment Consultants Lowers stake in Healthcare Services Group (HCSG)

Healthcare Services Group (HCSG) : Integrated Investment Consultants reduced its stake in Healthcare Services Group by 2.22% during the most recent quarter end. The investment management company now holds a total of 1,985 shares of Healthcare Services Group which is valued at $74,418 after selling 45 shares in Healthcare Services Group , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Healthcare Services Group makes up approximately 0.04% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HCSG in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 907 shares of Healthcare Services Group which is valued at $34,520.Eagle Asset Management Inc reduced its stake in HCSG by selling 1,984 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 106,714 shares of HCSG which is valued at $4,210,934. Healthcare Services Group makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Conestoga Capital Advisors boosted its stake in HCSG in the latest quarter, The investment management firm added 55,265 additional shares and now holds a total of 843,526 shares of Healthcare Services Group which is valued at $33,563,900. Healthcare Services Group makes up approx 2.31% of Conestoga Capital Advisors’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 closed down -0.57 points or -1.50% at $37.49 with 4,53,973 shares getting traded on Friday. Post opening the session at $38.01, the shares hit an intraday low of $37.31 and an intraday high of $38.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Healthcare Services Group reported $0.27 EPS for the quarter, based on the information available during the earnings call on Oct 11, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $392.70 million for the quarter, compared to analysts expectations of $394.10 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Investors should note that on Oct 11, 2016, Healthcare Services Group announced a cash dividend of $0.1850. The company’s management has announced Nov 16, 2016 as the ex-dividend date and fixed the record date on Nov 18, 2016. The payable date has been fixed on Dec 23, 2016.

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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