Healthcare Services Group Inc (HCSG): Dino D Ottaviano , director of Healthcare Services Group Inc sold 1,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $38.79 per share for a total value of $38,790.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Daniel P Mccartney (director) sold 100,000 shares at $37.40 per share price.On Mar 22, 2016, Dino D Ottaviano (director) sold 1,000 shares at $35.81 per share price.Also, On Mar 9, 2016, Diane S Casey (director) sold 10,004 shares at $35.59 per share price.On Dec 4, 2015, John Briggs (director) sold 2,000 shares at $37.02 per share price.
Healthcare Services Group: On Wednesday, May 25, 2016 heightened volatility was witnessed in Healthcare Services Group which led to swings in the share price. The shares opened for trading at $38.74 and hit $38.96 on the upside , eventually ending the session at $38.79, with a gain of 0.36% or 0.14 points. The heightened volatility saw the trading volume jump to 2,68,061 shares. The 52-week high of the share price is $38.77 and the company has a market cap of $2,807 M . The 52-week low of the share price is at $29.84.
Company has been under the radar of several Street Analysts.Healthcare Services Group is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $39 .The Rating was issued on Apr 13, 2016.
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.