Markel Corp Has $6.41 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Markel Corp increased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,500 shares of the business services provider’s stock after buying an additional 15,000 shares during the period. Markel Corp owned about 0.29% of Healthcare Services Group worth $6,413,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HCSG. Oregon Public Employees Retirement Fund lifted its position in shares of Healthcare Services Group by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,949 shares of the business services provider’s stock worth $908,000 after purchasing an additional 422 shares during the period. Advisor Group Inc. lifted its position in shares of Healthcare Services Group by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 19,287 shares of the business services provider’s stock worth $585,000 after purchasing an additional 454 shares during the period. SG Americas Securities LLC lifted its position in shares of Healthcare Services Group by 3.9% in the 1st quarter. SG Americas Securities LLC now owns 12,683 shares of the business services provider’s stock worth $418,000 after purchasing an additional 479 shares during the period. Goelzer Investment Management Inc. lifted its position in shares of Healthcare Services Group by 0.8% in the 1st quarter. Goelzer Investment Management Inc. now owns 64,718 shares of the business services provider’s stock worth $2,135,000 after purchasing an additional 537 shares during the period. Finally, Huntington National Bank lifted its position in shares of Healthcare Services Group by 88.8% in the 2nd quarter. Huntington National Bank now owns 1,210 shares of the business services provider’s stock worth $37,000 after purchasing an additional 569 shares during the period.

Several analysts have recently weighed in on the stock. BidaskClub lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective (down previously from $40.00) on shares of Healthcare Services Group in a research note on Friday, July 12th. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, June 27th. Finally, ValuEngine lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Healthcare Services Group has an average rating of “Hold” and an average price target of $39.29.



HCSG stock traded up $0.24 during midday trading on Friday, reaching $22.11. 724,900 shares of the company’s stock traded hands, compared to its average volume of 1,281,768. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 19.35 and a beta of 0.71. The firm’s fifty day moving average price is $27.20 and its 200-day moving average price is $32.63. Healthcare Services Group, Inc. has a 52 week low of $21.79 and a 52 week high of $48.73.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.11). The business had revenue of $462.10 million for the quarter, compared to the consensus estimate of $477.68 million. Healthcare Services Group had a net margin of 4.38% and a return on equity of 19.40%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.199 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. Healthcare Services Group’s payout ratio is 70.54%.

In other Healthcare Services Group news, Director Robert L. Frome sold 7,502 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $32.64, for a total transaction of $244,865.28. Following the completion of the sale, the director now owns 18,407 shares in the company, valued at approximately $600,804.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Healthcare Services Group Profile

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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