North Star Investment Management Corp. Boosts Stock Position in Healthcare Services Group, Inc. $HCSG

Key Points

• North Star Investment Management Corp. has increased its stake in Healthcare Services Group, Inc. by 36.9%, now owning approximately 0.19% of the company after purchasing an additional 38,000 shares.
• Recent reports indicate that several hedge funds have also raised their stakes in Healthcare Services Group, with a combined 97.97% of the stock currently owned by institutional investors.
• The company's stock has seen a growth of 3.4% recently, with analysts offering a consensus rating of "Buy" and an average price target of $16.25.

North Star Investment Management Corp. grew its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 36.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,950 shares of the business services provider's stock after purchasing an additional 38,000 shares during the period. North Star Investment Management Corp. owned approximately 0.19% of Healthcare Services Group worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HCSG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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. Nuveen Asset Management LLC raised its holdings in Healthcare Services Group by 9.1% in the 4th quarter. Nuveen Asset Management LLC now owns 829,322 shares of the business services provider's stock valued at $9,633,000 after buying an additional 68,935 shares during the period. ProShare Advisors LLC raised its holdings in Healthcare Services Group by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 22,173 shares of the business services provider's stock valued at $258,000 after buying an additional 6,824 shares during the period. Squarepoint Ops LLC raised its holdings in Healthcare Services Group by 121.6% in the 4th quarter. Squarepoint Ops LLC now owns 30,023 shares of the business services provider's stock valued at $349,000 after buying an additional 16,476 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Healthcare Services Group by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,750 shares of the business services provider's stock valued at $1,832,000 after buying an additional 5,347 shares during the period. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 sale, the executive vice president directly owned 32,976 shares in the company, valued at approximately $436,932. This trade represents a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Healthcare Services Group Trading Up 3.4%

Shares of NASDAQ HCSG opened at $16.58 on Thursday. The stock has a market cap of $1.20 billion, a P/E ratio of 118.43 and a beta of 0.66. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $16.59. The business's fifty day simple moving average is $14.90 and its 200-day simple moving average is $13.57.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced 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 business had revenue of $458.50 million for the quarter, compared to analysts' expectations of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Benchmark boosted their price objective on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" 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. Macquarie upgraded Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One research 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, the stock currently has a consensus rating of "Buy" and an average price target 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.

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