Charles Schwab Investment Management Inc. Buys 74,476 Shares of Healthcare Services Group, Inc. $HCSG

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.4%, acquiring an additional 74,476 shares during the first quarter, bringing its total ownership to approximately $9.736 million.
• The company reported earnings of $0.21 per share for the last quarter, exceeding analyst expectations of $0.20, along with a quarterly revenue of $458.50 million, which was above the projected $450.78 million.
• Healthcare Services Group has received positive analyst ratings, with Zacks Research upgrading it to a "strong-buy", while the average target price for the stock is estimated at $16.25.

Charles Schwab Investment Management Inc. grew its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 965,843 shares of the business services provider's stock after purchasing an additional 74,476 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.32% of Healthcare Services Group worth $9,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HCSG. LPL Financial LLC increased its position in Healthcare Services Group by 45.6% during the fourth quarter. LPL Financial LLC now owns 21,048 shares of the business services provider's stock worth $244,000 after acquiring an additional 6,591 shares during the period. Wells Fargo & Company MN increased its position in Healthcare Services Group by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 49,175 shares of the business services provider's stock worth $571,000 after acquiring an additional 8,594 shares during the period. Envestnet Asset Management Inc. increased its position in Healthcare Services Group by 4.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,562 shares of the business services provider's stock worth $1,679,000 after acquiring an additional 6,303 shares during the period. Barclays PLC increased its position in Healthcare Services Group by 9.2% during the fourth quarter. Barclays PLC now owns 159,409 shares of the business services provider's stock worth $1,851,000 after acquiring an additional 13,483 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Healthcare Services Group by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock worth $29,313,000 after acquiring an additional 208,810 shares during the period. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG traded down $0.06 on Friday, hitting $15.61. The stock had a trading volume of 455,376 shares, compared to its average volume of 835,014. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $15.89. The firm's 50 day moving average price is $14.38 and its 200-day moving average price is $12.93. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 111.50 and a beta of 0.54.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its 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 net margin of 0.61% and a return on equity of 11.74%. The company had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm'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. As a group, sell-side analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Insider Activity at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total transaction of $283,126.00. Following the transaction, the executive vice president owned 32,976 shares in the company, valued at $436,932. This represents a 39.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HCSG. 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 research report on Thursday, July 24th. Robert W. Baird boosted their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" 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. 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. Finally, Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. One 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 stock. According to MarketBeat, Healthcare Services Group presently has an average rating of "Buy" and an average price target of $16.25.

About Healthcare Services Group

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.