Notable Insider Filing: Mccartney Daniel P Insider in Healthcare Services Group, Inc. (NASDAQ:HCSG), Unloaded 100,000 Shares of the Company

November 23, 2016 - By whatsonthorold

Notable Insider Filing: Mccartney Daniel P Insider in Healthcare Services Group, Inc. (NASDAQ:HCSG), Unloaded 100,000 Shares of the Company

Mccartney Daniel P Insider Buy

Mccartney Daniel P, is the insider of Healthcare Services Group Inc, about which we want to report transactions for. Mccartney Daniel P submitted a legally required report with the SEC disclosing a trade for 100,000 shares of the company. At the time of the selling transaction, the average stock price of Healthcare Services Group Inc was $38.5, making the insider deal worth $3,846,600 U.S. Dollars. Currently, Mccartney Daniel P, owns 2.06 million shares, which accounts for 2.81% of the company’s market cap. The insider’s activity definitely generated quite an interest in the stock community.

Healthcare Services Group, Inc. (NASDAQ:HCSG) Ratings Coverage

Out of 2 analysts covering Healthcare Services (NASDAQ:HCSG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $46 is the highest target while $37 is the lowest. The $42.50 average target is 9.62% above today’s ($38.77) stock price. Healthcare Services has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, September 16 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14.

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.11, from 1.26 in 2016Q1. The ratio dropped, as 11 funds sold all Healthcare Services Group, Inc. shares owned while 74 reduced positions. 25 funds bought stakes while 82 increased positions. They now own 65.41 million shares or 0.99% less from 66.06 million shares in 2016Q1.

The Ontario – Canada-based Royal Comml Bank Of Canada has invested 0.02% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Amer Group Inc holds 0% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 52,730 shares. Renaissance Tech Ltd, a New York-based fund reported 136,964 shares. Credit Suisse Ag has invested 0.02% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). The California-based Ami Asset Corp has invested 3.9% in Healthcare Services Group, Inc. (NASDAQ:HCSG). Thompson Davis Com last reported 484 shares in the company. Goodman Finance last reported 3.84% of its portfolio in the stock. Peapack Gladstone Corp reported 8,500 shares or 0% of all its holdings. Sentinel Asset Inc last reported 375,188 shares in the company. Janus Mgmt Limited Liability Corp holds 1.67M shares or 0.06% of its portfolio. Capstone Investment Advsr Ltd Llc accumulated 0.01% or 14,300 shares. Ranger Invest Mngmt L P, a Texas-based fund reported 12,450 shares. Assetmark Inc holds 0% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 988 shares. Legal General Grp Inc Public Limited Company reported 15,605 shares or 0% of all its holdings. First Midwest Bancshares Division, a Illinois-based fund reported 29,915 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 5 sales for $4.82 million net activity. 100,000 Healthcare Services Group, Inc. (NASDAQ:HCSG) shares with value of $3.94 million were sold by MCCARTNEY DANIEL P. Shares for $145,225 were sold by BRIGGS JOHN on Friday, June 3. The insider McBryan Michael E sold 8,600 shares worth $305,730. $299,400 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) was sold by MOSS ROBERT J on Thursday, June 9. Shares for $128,207 were sold by FROME ROBERT L on Tuesday, July 19. Ottaviano Dino D sold $38,790 worth of stock.

The stock increased 0.88% or $0.34 during the last trading session, hitting $38.77. About 357,501 shares traded hands. Healthcare Services Group, Inc. (NASDAQ:HCSG) has risen 2.62% since April 20, 2016 and is uptrending. It has underperformed by 1.94% the S&P500.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The company has a market cap of $2.83 billion. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. It has a 42.65 P/E ratio. The Company’s divisions include Housekeeping and Dietary.

According to Zacks Investment Research, “Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals.”

Another recent and important Healthcare Services Group, Inc. (NASDAQ:HCSG) news was published by Globenewswire.com which published an article titled: “Healthcare Services Group, Inc. Reports Results for the Three and Six Months ..” on July 12, 2016.

HCSG Company Profile

Healthcare Services Group, Inc., incorporated on November 22, 1976, provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company’s divisions include Housekeeping and Dietary. The Housekeeping segment consists of housekeeping, laundry and linen services. The Dietary segment includes dietary department services. The Firm provides its services to the long-term care industry in the United States, rendering such services to over 3,500 facilities in approximately 48 states. The Firm provides housekeeping services to various client facilities and dietary services to over 1,000 of such facilities.

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