Cambiar Investors LLC Has $1.15 Million Position in Healthcare Services Group, Inc. $HCSG

Key Points

• Cambiar Investors LLC reduced its stake in Healthcare Services Group by 16.5% in Q1, now holding 114,382 shares worth approximately $1.15 million.
• Several hedge funds increased their positions in Healthcare Services Group, with Sterling Capital Management notably boosting its stake by 803.4%.
• Healthcare Services Group reported a quarterly EPS of $0.21, exceeding estimates, with revenues reaching $458.5 million, a 7.6% increase from the previous year.

Cambiar Investors LLC decreased its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 16.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,382 shares of the business services provider's stock after selling 22,630 shares during the period. Cambiar Investors LLC owned about 0.16% of Healthcare Services Group worth $1,153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HCSG. Sterling Capital Management LLC lifted its stake in shares of Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock worth $27,000 after acquiring an additional 2,097 shares during the period. US Bancorp DE boosted its holdings in shares of Healthcare Services Group by 161.4% during the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock worth $82,000 after purchasing an additional 5,000 shares during the period. Bank of Montreal Can acquired a new stake in shares of Healthcare Services Group during the fourth quarter worth approximately $118,000. PharVision Advisers LLC acquired a new stake in shares of Healthcare Services Group during the fourth quarter worth approximately $147,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Healthcare Services Group during the fourth quarter worth approximately $158,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Insider Buying and Selling at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $436,932. This represents a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HCSG shares. Robert W. Baird raised their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen lowered shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Benchmark raised their price objective on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Zacks Research raised shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Healthcare Services Group currently has a consensus rating of "Buy" and an average target price of $16.25.

Healthcare Services Group Stock Up 3.6%

HCSG stock traded up $0.55 during midday trading on Friday, hitting $15.77. 645,574 shares of the company traded hands, compared to its average volume of 903,976. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $15.80. The business has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $12.75. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 112.64 and a beta of 0.54.

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

Healthcare Services Group 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.