Assenagon Asset Management S.A. Has $11.22 Million Stake in Healthcare Services Group, Inc. $HCSG

Key Points

• Assenagon Asset Management S.A. increased its stake in Healthcare Services Group, Inc. by 16.3%, now owning approximately $11.22 million worth of the company's stock.
• Healthcare Services Group saw a positive shift in analyst ratings, with a majority now holding a Buy or Strong Buy rating and an average price target of $16.25.
• In its latest earnings report, Healthcare Services Group beat analysts' expectations with earnings of $0.21 per share and revenue of $458.5 million, reflecting a 7.6% year-over-year increase.

Assenagon Asset Management S.A. raised its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 746,485 shares of the business services provider's stock after buying an additional 104,558 shares during the quarter. Assenagon Asset Management S.A. owned 1.02% of Healthcare Services Group worth $11,220,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of Healthcare Services Group by 1.7% in the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider's stock valued at $539,000 after buying an additional 868 shares in the last quarter. Trail Ridge Investment Advisors LLC lifted its stake in Healthcare Services Group by 4.7% during the first quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock worth $234,000 after purchasing an additional 1,048 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Healthcare Services Group by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock worth $744,000 after purchasing an additional 1,297 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Healthcare Services Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,461 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Healthcare Services Group by 1.8% in the 1st quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock valued at $1,038,000 after purchasing an additional 1,850 shares during the last quarter. Institutional investors own 97.97% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.25, for a total transaction of $283,126.00. Following the completion of the sale, the executive vice president directly owned 32,976 shares in the company, valued at $436,932. The trade was a 39.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $16.03 on Wednesday. The firm has a 50-day moving average of $14.84 and a 200 day moving average of $13.55. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $16.59. The stock has a market cap of $1.16 billion, a P/E ratio of 114.50 and a beta of 0.66.

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

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.

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