Albion Financial Group Ut Lowers stake in Healthcare Services Group (HCSG)

Healthcare Services Group (HCSG) : Albion Financial Group Ut reduced its stake in Healthcare Services Group by 37.5% during the most recent quarter end. The investment management company now holds a total of 6,443 shares of Healthcare Services Group which is valued at $237,876 after selling 3,865 shares in Healthcare Services Group , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Healthcare Services Group makes up approximately 0.04% of Albion Financial Group Ut’s portfolio.

Healthcare Services Group opened for trading at $37.09 and hit $37.67 on the upside on Wednesday, eventually ending the session at $37.61, with a gain of 1.05% or 0.39 points. The heightened volatility saw the trading volume jump to 3,34,230 shares. Company has a market cap of $2,722 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in HCSG during the most recent quarter. The investment firm sold 8,200 shares of HCSG which is valued $302,744.Ami Asset Management Corp boosted its stake in HCSG in the latest quarter, The investment management firm added 40,017 additional shares and now holds a total of 1,391,113 shares of Healthcare Services Group which is valued at $51,359,892. Healthcare Services Group makes up approx 3.44% of Ami Asset Management Corp’s portfolio.Conestoga Capital Advisors boosted its stake in HCSG in the latest quarter, The investment management firm added 180,340 additional shares and now holds a total of 922,186 shares of Healthcare Services Group which is valued at $33,816,561. Healthcare Services Group makes up approx 2.34% of Conestoga Capital Advisors’s portfolio.

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 Apr 12, 2016. Analyst had a consensus estimate of $0.26. The company had revenue of $384.80 million for the quarter, compared to analysts expectations of $381.39 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Healthcare Services Group. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $39 .

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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