PDT Partners LLC Sells 34,777 Shares of Healthcare Services Group, Inc. $HCSG

Key Points

• PDT Partners LLC has sold 34,777 shares of Healthcare Services Group, Inc., reducing its holdings by 45.2% to approximately $426,000 in value.
• Healthcare Services Group reported a quarterly revenue of $458.50 million for the last quarter, surpassing analyst estimates, and had an EPS of $0.21, which beat expectations by $0.01.
• Numerous institutional investors have adjusted their positions in Healthcare Services Group, with 97.97% of the company's stock now held by institutional investors and hedge funds.

PDT Partners LLC lessened its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 45.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,215 shares of the business services provider's stock after selling 34,777 shares during the quarter. PDT Partners LLC owned 0.06% of Healthcare Services Group worth $426,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Royce & Associates LP boosted its holdings in shares of Healthcare Services Group by 0.3% in the 1st quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock valued at $47,215,000 after purchasing an additional 15,439 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of 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 valued at $41,620,000 after acquiring an additional 34,037 shares in the last quarter. Palisade Capital Management LP boosted its holdings in shares of Healthcare Services Group by 0.9% during 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 acquiring an additional 20,720 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Healthcare Services Group by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock valued at $14,714,000 after acquiring an additional 140,708 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Healthcare Services Group by 90.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider's stock valued at $11,998,000 after acquiring an additional 565,520 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Insider Buying and Selling at Healthcare Services Group

In other 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 value of $283,126.00. Following the completion of the transaction, the executive vice president directly owned 32,976 shares of the company's stock, valued at approximately $436,932. This trade represents a 39.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company's stock.

Healthcare Services Group Stock Down 0.7%

HCSG traded down $0.11 during midday trading on Wednesday, hitting $16.00. 112,866 shares of the company were exchanged, compared to its average volume of 667,119. The firm has a market capitalization of $1.16 billion, a P/E ratio of 114.21 and a beta of 0.66. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $16.18. The firm's 50 day moving average price is $14.52 and its 200-day moving average price is $13.17.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its 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. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The firm had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. During the same period in the previous year, the business earned $0.20 EPS. The business's quarterly revenue 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 predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a report on Tuesday, August 12th. Benchmark raised their price objective 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. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Finally, Robert W. Baird raised their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One 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, the company has an average rating of "Buy" and a consensus price target of $16.25.

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.