American Century Companies Inc. Grows Stock Position in Healthcare Services Group, Inc. $HCSG

Key Points

• American Century Companies Inc. increased its stake in Healthcare Services Group, Inc. by 190.1% in the first quarter, now holding 451,936 shares valued at approximately $4.56 million.
• Healthcare Services Group reported Q2 earnings of $0.21 per share, beating estimates and showing a revenue increase of 7.6% year-over-year, amounting to $458.5 million.
• Several analysts have upgraded their ratings for HCSG, with Macquarie raising their target price to $16.00 and Benchmark increasing it to $19.00, contributing to an overall average rating of "Buy" for the stock.

American Century Companies Inc. raised its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 190.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 451,936 shares of the business services provider's stock after acquiring an additional 296,159 shares during the quarter. American Century Companies Inc. owned approximately 0.62% of Healthcare Services Group worth $4,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Royce & Associates LP grew its position in Healthcare Services Group by 0.3% in the 1st quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock valued at $47,215,000 after acquiring an additional 15,439 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Healthcare Services Group by 0.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock worth $41,620,000 after buying an additional 34,037 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Healthcare Services Group by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock worth $29,313,000 after buying an additional 208,810 shares in the last quarter. Palisade Capital Management LP grew its position in shares of Healthcare Services Group by 0.9% during the 1st quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock worth $22,558,000 after buying an additional 20,720 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Healthcare Services Group by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock worth $14,714,000 after buying an additional 140,708 shares in the last quarter. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Down 1.3%

Shares of NASDAQ HCSG traded down $0.21 during mid-day trading on Thursday, reaching $15.57. 44,032 shares of the company were exchanged, compared to its average volume of 666,125. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 111.50 and a beta of 0.66. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.93. The firm has a 50-day moving average of $14.45 and a 200 day moving average of $13.01.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $458.50 million during the quarter, compared to analysts' expectations of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the sale, the executive vice president directly owned 32,976 shares in the company, valued at approximately $436,932. This trade represents a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

HCSG has been the topic of a number of recent research reports. Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Wall Street Zen downgraded Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Benchmark increased their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $16.25.

Healthcare Services Group Company 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.