Intech Investment Management LLC Raises Holdings in Healthcare Services Group, Inc. $HCSG

Key Points

• Intech Investment Management LLC increased its stake in Healthcare Services Group, Inc. by 940.5%, holding a total of 318,488 shares valued at approximately $3.21 million.
• Healthcare Services Group reported a quarterly earnings per share of $0.21, exceeding analysts' estimates of $0.20 and showing a revenue increase of 7.6% year-over-year.
• Institutional investors currently own 97.97% of Healthcare Services Group's stock, indicating strong confidence in the company from the investment community.

Intech Investment Management LLC lifted its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 940.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,488 shares of the business services provider's stock after purchasing an additional 287,878 shares during the period. Intech Investment Management LLC owned 0.44% of Healthcare Services Group worth $3,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. Jane Street Group LLC increased its position in shares of Healthcare Services Group by 962.0% during the first quarter. Jane Street Group LLC now owns 200,082 shares of the business services provider's stock valued at $2,017,000 after acquiring an additional 181,242 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Healthcare Services Group during the first quarter worth about $242,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Healthcare Services Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider's stock valued at $441,000 after purchasing an additional 1,824 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Healthcare Services Group during the 1st quarter worth about $4,601,000. Finally, Royal Bank of Canada raised its holdings in Healthcare Services Group by 3.7% during the first quarter. Royal Bank of Canada now owns 139,126 shares of the business services provider's stock worth $1,402,000 after purchasing an additional 4,917 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Shares of HCSG stock opened at $16.02 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of 114.43 and a beta of 0.66. The firm has a fifty day moving average of $14.57 and a two-hundred day moving average of $13.29. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $16.59.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The business had revenue of $458.50 million during the quarter, compared to analyst estimates of $450.78 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business'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. On average, sell-side analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

HCSG has been the topic of a number of recent research reports. Wall Street Zen cut shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. Robert W. Baird upped 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. Zacks Research upgraded Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Benchmark raised 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 note on Thursday, July 24th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $16.25.

Insider Transactions at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the transaction, the executive vice president owned 32,976 shares in the company, valued at $436,932. This trade represents a 39.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.

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