Healthcare Services Group, Inc. $HCSG Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Healthcare Services Group, Inc. (HCSG) by 7.1%, owning 626,559 shares valued at $6.3 million after selling 48,063 shares in the first quarter.
• A significant insider transaction occurred when EVP John Christopher Shea sold 21,368 shares at an average price of $13.25, representing a 39.32% decrease in his holdings.
• Analysts have mixed ratings on HCSG, with Zacks Research upgrading it to a "strong-buy" while Wall Street Zen downgraded it to a "buy"; the average consensus rating remains a "Buy" with a price target of $16.25.

Invesco Ltd. lessened its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 626,559 shares of the business services provider's stock after selling 48,063 shares during the period. Invesco Ltd. owned about 0.86% of Healthcare Services Group worth $6,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Healthcare Services Group by 54.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 181,169 shares of the business services provider's stock worth $1,826,000 after buying an additional 64,042 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Healthcare Services Group by 13.3% in the first quarter. National Bank of Canada FI now owns 28,900 shares of the business services provider's stock worth $291,000 after buying an additional 3,386 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Healthcare Services Group by 8.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 965,843 shares of the business services provider's stock worth $9,736,000 after buying an additional 74,476 shares during the last quarter. US Bancorp DE increased its stake in shares of Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock worth $82,000 after buying an additional 5,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Healthcare Services Group in the first quarter worth $591,000. Institutional investors own 97.97% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HCSG shares. Wall Street Zen lowered shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Benchmark boosted their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a research note 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 company a "neutral" rating in a research note on Thursday, July 24th. Finally, Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $15.00 to $16.00 in a research note on Tuesday, July 29th. One equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock traded down $0.06 during trading on Friday, hitting $15.61. 455,376 shares of the stock were exchanged, compared to its average volume of 835,014. The stock's fifty day moving average is $14.38 and its 200 day moving average is $12.93. The stock has a market cap of $1.13 billion, a PE ratio of 111.50 and a beta of 0.54. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $15.89.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate 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%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at Healthcare Services Group

In other 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 completion of the transaction, the executive vice president owned 32,976 shares in the company, 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 is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

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.