Public Sector Pension Investment Board Purchases 50,462 Shares of Healthcare Services Group, Inc. $HCSG

Key Points

• The Public Sector Pension Investment Board increased its stake in Healthcare Services Group, Inc. by 27.6%, acquiring 50,462 shares, bringing its total ownership to approximately 233,034 shares valued at $2.35 million.
• Healthcare Services Group reported better-than-expected quarterly earnings with an EPS of $0.21, surpassing analysts' estimates and revenue expectations, showing a 7.6% year-over-year growth.
• Several analysts have adjusted their price targets for Healthcare Services Group stock, with estimates ranging from $15.00 to $19.00, while maintaining a consensus rating of "Buy."

Public Sector Pension Investment Board boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,034 shares of the business services provider's stock after buying an additional 50,462 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Healthcare Services Group worth $2,349,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HCSG. Nuveen LLC acquired a new position in Healthcare Services Group during the 1st quarter worth $11,745,000. Raymond James Financial Inc. acquired a new position in Healthcare Services Group during the 4th quarter worth $5,909,000. Dimensional Fund Advisors LP raised its position in shares of Healthcare Services Group by 9.0% during 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 acquiring an additional 208,810 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Healthcare Services Group by 67.9% during 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 acquiring an additional 195,516 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Healthcare Services Group during the 4th quarter valued at $1,891,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HCSG. Robert W. Baird upped their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Benchmark upped their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their target price for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. Finally, Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. 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 stock. According to MarketBeat, Healthcare Services Group presently has a consensus rating of "Buy" and a consensus price target of $16.25.

Healthcare Services Group Stock Up 3.6%

Shares of HCSG traded up $0.55 during trading hours on Friday, reaching $15.77. The stock had a trading volume of 645,574 shares, compared to its average volume of 903,976. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $15.80. The firm has a 50-day moving average of $14.28 and a 200 day moving average of $12.76. The company has a market cap of $1.14 billion, a P/E ratio of 112.64 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, beating 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 business had revenue of $458.50 million during the quarter, compared to analysts' expectations of $450.78 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm's quarterly revenue was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the 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 completion of the transaction, the executive vice president owned 32,976 shares in the company, valued at approximately $436,932. This represents a 39.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.