Deutsche Bank AG Trims Stake in Healthcare Services Group, Inc. $HCSG

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 reduced its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 33.2% during the first quarter, according to its most recent 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 quarter. Deutsche Bank AG owned 0.16% of Healthcare Services Group worth $1,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in 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 purchasing an additional 2,097 shares during the period. US Bancorp DE raised its position in Healthcare Services Group by 161.4% in the 1st 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 purchased a new stake in Healthcare Services Group in the 4th quarter worth about $118,000. PharVision Advisers LLC purchased a new stake in Healthcare Services Group in the 4th quarter worth about $147,000. Finally, Dark Forest Capital Management LP purchased a new stake in Healthcare Services Group in the 4th quarter worth about $158,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HCSG shares. Zacks Research raised shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and increased their price objective 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 raised 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. Finally, Benchmark raised 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $16.25.

Healthcare Services Group Stock Up 3.6%

Shares of HCSG stock opened at $15.77 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 112.64 and a beta of 0.54. The company's 50 day moving average is $14.28 and its 200 day moving average is $12.76. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $15.80.

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. The company had revenue of $458.50 million for 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 company posted $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. Analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group 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 transaction, the executive vice president directly owned 32,976 shares of the company's stock, valued at $436,932. This trade represents a 39.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by insiders.

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.

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