Nuveen LLC Takes $11.75 Million Position in Healthcare Services Group, Inc. $HCSG

Key Points

• Nuveen LLC has acquired a new stake in Healthcare Services Group, purchasing over 1.1 million shares, valued at approximately $11.74 million, which represents about 1.60% of the company's stock.
• Healthcare Services Group's stock has been upgraded by various analysts with price targets ranging from $15.00 to $19.00, reflecting a consensus rating of "Buy" and a target price of $16.25.
• In its latest quarterly earnings, the company reported $0.21 earnings per share, exceeding estimates, with revenue up 7.6% year-over-year at $458.50 million.

Nuveen LLC bought a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,165,133 shares of the business services provider's stock, valued at approximately $11,745,000. Nuveen LLC owned 1.60% of Healthcare Services Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Healthcare Services Group during the 4th quarter worth about $5,909,000. Dimensional Fund Advisors LP boosted its stake in shares of Healthcare Services Group by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock valued at $29,313,000 after purchasing an additional 208,810 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Healthcare Services Group by 67.9% in the 4th quarter. Invenomic Capital Management LP now owns 483,511 shares of the business services provider's stock valued at $5,616,000 after purchasing an additional 195,516 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Healthcare Services Group in the 4th quarter valued at about $1,891,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Services Group by 1,152.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider's stock valued at $1,680,000 after purchasing an additional 153,333 shares during the last quarter. Institutional investors own 97.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HCSG. Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $15.00 to $16.00 in a report on Tuesday, July 29th. 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 report on Thursday, July 24th. Wall Street Zen downgraded shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. 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 company's stock. Based on data from MarketBeat, Healthcare Services Group currently has a consensus rating of "Buy" and a consensus price target of $16.25.

Insider Activity

In other news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the sale, the executive vice president owned 32,976 shares of the company's stock, valued at approximately $436,932. The trade was a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company's stock.

Healthcare Services Group Stock Down 0.1%

Shares of NASDAQ:HCSG traded down $0.02 during midday trading on Tuesday, hitting $15.47. The stock had a trading volume of 741,898 shares, compared to its average volume of 673,035. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $15.89. The business's 50-day simple moving average is $14.29 and its 200-day simple moving average is $12.81. The company has a market cap of $1.12 billion, a P/E ratio of 110.50 and a beta of 0.54.

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 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The firm had revenue of $458.50 million during the quarter, compared to analysts' expectations of $450.78 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company'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. As a group, equities analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

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.