131,800 Shares in Healthcare Services Group, Inc. $HCSG Bought by Lisanti Capital Growth LLC

Key Points

• Lisanti Capital Growth LLC purchased 131,800 shares of Healthcare Services Group, valued at approximately $3.24 million and representing about 0.19% of the company. Institutional investors collectively own 97.97% of HCSG.
• Healthcare Services Group reported quarterly EPS of $0.32, exceeding analysts’ $0.22 estimate, while revenue totaled $470.81 million. The stock opened at $22.93 and has a market capitalization of approximately $1.57 billion.
• Analyst sentiment is favorable, with a “Moderate Buy” consensus rating and an average price target of $26.50; targets range from $24 to $30. Meanwhile, COO Andrew Kush sold 15,598 shares, reducing his position by 40.68%.

Lisanti Capital Growth LLC purchased a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 131,800 shares of the business services provider's stock, valued at approximately $3,237,000. Lisanti Capital Growth LLC owned approximately 0.19% of Healthcare Services Group at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Healthcare Services Group in the fourth quarter worth about $33,000. KBC Group NV purchased a new stake in shares of Healthcare Services Group during the 1st quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its position in Healthcare Services Group by 163.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock worth $33,000 after acquiring an additional 1,356 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Healthcare Services Group by 32.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,619 shares of the business services provider's stock worth $69,000 after acquiring an additional 877 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new position in Healthcare Services Group in the 1st quarter worth approximately $168,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Healthcare Services Group Stock Up 4.5%

HCSG stock opened at $22.93 on Thursday. The stock's 50 day moving average is $23.26 and its two-hundred day moving average is $21.38. Healthcare Services Group, Inc. has a 52-week low of $15.11 and a 52-week high of $25.75. The company has a market capitalization of $1.57 billion, a PE ratio of 13.33 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%.The company had revenue of $470.81 million during the quarter, compared to analysts' expectations of $471.22 million. During the same period in the prior year, the business posted ($0.44) EPS. As a group, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 1.1 EPS for the current year.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, COO Andrew Kush sold 15,598 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $23.24, for a total transaction of $362,497.52. Following the transaction, the chief operating officer directly owned 22,741 shares in the company, valued at $528,500.84. This represents a 40.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HCSG has been the subject of several recent research reports. UBS Group increased their price objective on shares of Healthcare Services Group from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Royal Bank Of Canada upped their target price on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a "sector perform" rating in a research note on Thursday, April 23rd. Zacks Research raised shares of Healthcare Services Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. BMO Capital Markets lifted their price target on shares of Healthcare Services Group from $22.00 to $24.00 and gave the stock a "market perform" rating in a research note on Thursday, April 23rd. Finally, Oppenheimer started coverage on shares of Healthcare Services Group in a report on Wednesday. They issued an "outperform" rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.50.

About Healthcare Services Group

Healthcare Services Group, Inc NASDAQ: HCSG is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.

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