Hotchkis & Wiley Capital Management LLC Has $12 Million Position in Healthcare Services Group, Inc. $HCSG

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Healthcare Services Group, Inc. by 90.5%, now owning approximately 1.63% of the company's stock, valued at nearly $12 million.
• Several institutional investors, including Hsbc Holdings PLC and Trail Ridge Investment Advisors LLC, have also adjusted their positions in HCSG, resulting in a combined institutional ownership of 97.97%.
• Healthcare Services Group reported an EPS of $0.21 for the last quarter, surpassing estimates, with revenues increasing by 7.6% year-over-year, reaching $458.5 million.

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 90.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,190,280 shares of the business services provider's stock after acquiring an additional 565,520 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.63% of Healthcare Services Group worth $11,998,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Healthcare Services Group by 1,152.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider's stock worth $1,680,000 after acquiring an additional 153,333 shares during the period. Mackenzie Financial Corp increased its stake in Healthcare Services Group by 0.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock worth $41,620,000 after acquiring an additional 34,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Healthcare Services Group during the 1st quarter worth $1,121,000. Palisade Capital Management LP boosted its holdings in shares of Healthcare Services Group by 0.9% in the 1st quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock valued at $22,558,000 after purchasing an additional 20,720 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Healthcare Services Group in the 1st quarter valued at $1,007,000. Institutional investors own 97.97% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction dated Monday, July 28th. The stock was 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 approximately $436,932. The trade was a 39.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG traded down $0.02 during mid-day trading on Tuesday, hitting $15.47. 741,898 shares of the stock traded hands, compared to its average volume of 871,843. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $15.89. The company has a market cap of $1.12 billion, a PE ratio of 110.50 and a beta of 0.54. The firm has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $12.83.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share 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 the consensus estimate of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.Healthcare Services Group's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Healthcare Services Group Company 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.