Liberty Capital Management Lowers stake in Healthcare Services Group (HCSG)

Healthcare Services Group (HCSG) : Liberty Capital Management reduced its stake in Healthcare Services Group by 1.01% during the most recent quarter end. The investment management company now holds a total of 83,170 shares of Healthcare Services Group which is valued at $3,258,601 after selling 845 shares in Healthcare Services Group , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Healthcare Services Group makes up approximately 2.37% of Liberty Capital Management’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors sold out all of its stake in HCSG during the most recent quarter. The investment firm sold 12,229 shares of HCSG which is valued $479,132. J.safra Asset Management Corp added HCSG to its portfolio by purchasing 762 company shares during the most recent quarter which is valued at $29,855. Healthcare Services Group makes up approx 0.05% of J.safra Asset Management Corp’s portfolio.Cortina Asset Management reduced its stake in HCSG by selling 85,119 shares or 17.66% in the most recent quarter. The Hedge Fund company now holds 396,863 shares of HCSG which is valued at $15,549,092. Healthcare Services Group makes up approx 0.66% of Cortina Asset Management’s portfolio. Td Asset Management Inc added HCSG to its portfolio by purchasing 6,383 company shares during the most recent quarter which is valued at $250,341. Financial Management Professionals added HCSG to its portfolio by purchasing 223 company shares during the most recent quarter which is valued at $8,746.

Healthcare Services Group opened for trading at $40.26 and hit $40.46 on the upside on Thursday, eventually ending the session at $40.41, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 2,74,373 shares. Company has a market cap of $2,928 M.

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.

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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