Healthcare Services Group, Inc. $HCSG Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Healthcare Services Group, Inc. by 33.2%, now holding 118,192 shares valued at approximately $1.19 million.
• Recent analyst ratings for HCSG have been mostly positive, with Zacks and Macquarie upgrading their ratings, while Benchmark increased their target price from $17.00 to $19.00.
• Healthcare Services Group reported a net income margin of 0.61% for the last quarter, with revenue of $458.50 million, surpassing analyst expectations.

Deutsche Bank AG lowered its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 33.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,192 shares of the business services provider's stock after selling 58,633 shares during the period. Deutsche Bank AG owned approximately 0.16% of Healthcare Services Group worth $1,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HCSG. Trail Ridge Investment Advisors LLC raised its position in shares of Healthcare Services Group by 4.7% during the 1st 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 boosted its position 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 acquiring an additional 1,297 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Healthcare Services Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock worth $486,000 after acquiring an additional 1,461 shares during the last quarter. North Star Investment Management Corp. boosted its position in Healthcare Services Group by 1.8% during the first quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock worth $1,038,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Healthcare Services Group by 803.4% during the fourth 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 last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Insider Activity at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were 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 owned 32,976 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Healthcare Services Group Trading Down 0.4%

NASDAQ:HCSG traded down $0.06 during trading hours 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 1-year low of $9.13 and a 1-year high of $15.89. The business has a 50 day simple moving average of $14.38 and a two-hundred day simple moving average of $12.91. The company has a market cap of $1.13 billion, a PE ratio of 111.50 and a beta of 0.54.

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 (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 during the quarter, compared to the consensus estimate of $450.78 million. During the same quarter last year, the company earned $0.20 earnings per share. Healthcare Services Group's revenue for the quarter was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. Research analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCSG has been the topic of a number of analyst reports. Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. 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. Robert W. Baird upped their price target 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. Benchmark upped their price target 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. Finally, Zacks Research raised shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Healthcare Services Group presently has an average rating of "Buy" and an average target price of $16.25.

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.